With offices in Billerica and New York, KS is a real estate owner and property management company that is one of the largest commercial landlords in Greater Boston.
KS said it obtained the loan in a joint venture partnership with Apollo Real Estate Advisors, an international real estate fund manager headquartered in New York.
The loan will be used to refinance an eight-building portfolio that includes properties in Westborough, Andover, and Boston, KS said; the funding includes $7 million of future financing for tenant improvements and building upgrades.
"The fundamentals in the suburban Boston office sector are very strong, which made us confident that despite the current credit market turmoil and tightening, we would be able to secure this financing," Kambiz Shahbazi, president of KS, said in a statement.
GE Real Estate is a business unit of GE Commercial Finance, which is a subsidiary of General Electric Co., a diversified technology and services company based in Connecticut.
(By Chris Reidy, Globe staff)