New England Real Estate Journal
November 2026
AUBURN, MA According to Kelleher & Sadowsky Associates, Inc., its Capital Markets team has arranged a $17.5 million refinance for Rabina Properties at 28 Millbury St. Rockland Trust provided the financing, with Kelleher & Sadowsky’s John Merrill and Chris Naff representing Rabina in the transaction.
28 Millbury St. is a two-story industrial property. The property encompasses 21.7 acres and is located near Rte. 20, providing access to I-290, I-395, the Mass. Tpke. (I-90), and Rte. 146. Its scale, industrial functionality, and proximity to several major transportation corridors make it a significant industrial asset within the Central Massachusetts market.
With the property’s existing loan approaching maturity, Rabina engaged Kelleher & Sadowsky to secure replacement financing and execute the refinance within a tight timeframe. Despite an elevated interest rate environment and continued economic uncertainty, Kelleher & Sadowsky leveraged its extensive relationships throughout the commercial lending market to generate competitive interest from community and regional lenders.
Through a competitive financing process, the team secured a $17.5 million loan with Rockland Trust, one of the leading commercial lenders in the local market. The transaction represents a strong partnership between two established names in the commercial real estate industry, bringing together Rabina’s extensive real estate investment and ownership platform with Rockland Trust’s established commercial lending presence in Central Massachusetts.
Rabina is a family-owned, fully integrated real estate investment, development, and management firm with more than 65 years of experience and a diverse portfolio of institutional-quality assets spanning office, multifamily, retail, and industrial properties.
“This transaction highlights the value of Kelleher & Sadowsky’s relationships throughout the commercial lending community and our ability to create competition among lenders on behalf of our clients. In an elevated interest rate environment, generating multiple financing alternatives is critical to managing risk, optimizing loan terms, and achieving our clients’ financial objectives. We are pleased to have helped Rabina secure a successful refinancing with Rockland Trust,” said Naff.
