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| 255 and 261 Ballardvale Ave., Wilmington, MA |
Boston, MA --
EagleBridge Capital, working exclusively on behalf of its client, has
arranged permanent mortgage financing in the amount of $4,750,000 for 255 and 261
Ballardvale Avenue, Wilmington, Massachusetts.
The mortgage
financing was arranged by EagleBridge principals Ted. M. Sidel and Brian
D. Sheehan who stated that the loan was provided by a leading financial
institution.
Both buildings are net leased to Charles River Laboratories,
Inc. (NYSE-CRL). Charles River provides
essential products and services to help pharmaceutical and biotechnology
companies, government agencies, and leading academic institutions around the
globe accelerate their research and drug development efforts.
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| Ted M. Sidel |
Founded in 1947, it has grown to become one of the largest
global preclinical contract research organizations with approximately 1000
employees in Massachusetts, and 7,100 employees globally.
255 Ballardvale Avenue is a 25,000 square foot office
building. 261 Ballardvale is a 60,000
square foot R and D services facility which was fully renovated in 2012.
It expands Charles
River’s diagnostic capabilities for research model health monitoring, clinical
chemistry, hematology, biomarker assay development, and immunoassay services.
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| Brian D. Sheehan |
The new facility offers high-functioning controlled
environments, building monitoring and mechanical system redundancy, as well as
energy reduction through occupancy sensor driven air distribution and
lighting.
EagleBridge Capital is a Boston-based mortgage banking firm
specializing in arranging debt and
equity financing as well as joint ventures for industrial, office, and r &
d buildings, shopping centers,
apartments, hotels, condominiums and mixed use properties as well as special
purpose buildings.
Contact:
Ted Sidel,
(617) 292-7177, Ext. 10
33 Broad St.,
Boston, MA 02109
TEL: 617.292.7177
FAX: 617.292.7575
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