Monday, January 14, 2013

EagleBridge Capital Arranges $4.75 Million Mortgage for Two Net Leased Buildings in Wilmington, MA


                                                                                      
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.

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.

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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