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| Ted M. Sidel |
Boston, MA -- EagleBridge Capital, has arranged
acquisition/permanent mortgage financing in the amount of $5,245,000 for 33
Locke Drive, Marlborough, Massachusetts.
The mortgage financing was arranged by EagleBridge principal
Ted. M. Sidel who stated that the loan was provided by a leading
regional financial institution.
33 Lock Drive is a two-story, 61,177 square foot,
multi-tenant, office/r & d building situated on a 3.91 acre site with
parking for 212 vehicles. The building is 95% occupied.
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| 33 Locke Drive, Marlborough, MA |
Tenants include Astellas Institute for Regenerative
Medicine, All Pro Productions, Nitto Denko Avecia, and Communication Technology
Services.
Locke Drive is located less than one mile from the Route 20
Interchange of Route I-495 (Exit 24), metropolitan Boston’s outer ring
circumferential highway.
Several office/r&d and industrial buildings are situated
along Locke Drive.
Located nearby are the Best Western Hotel and Trade Center,
the Courtyard by Marriott and a number of corporations including TJX, GE
Healthcare, Quest Diagnostics, Wellington Management, Dow Chemical, Oracle,
Lockheed Martin, TJX, Boston Scientific and the Whole Foods Northeast Region
Corporate headquarters as well as shopping centers, apartment complexes
including the 350 unit Avalon Marlborough Apartments,, and several additional
hotels.
Mr. Sidel stated, “We were pleased to arrange
acquisition/permanent financing which met the borrowers goals and featured a
very attractive interest rate, a two year interest only period, future advances
for capital and tenant improvements, and flexible prepayment.”
EagleBridge Capital is a Boston-based mortgage banking firm
specializing in arranging debt and equity financing as well as joint ventures
for apartment, industrial, office, and r & d buildings, shopping centers,
hotels, condominiums and mixed use properties as well as special purpose
buildings.
CONTACT:
Stanley J. Sidel
EagleBridge Capital
One Boston Place, Suite 2600
Boston, MA 02108
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