EagleBridge Capital successfully secured a $9.2 million mortgage refinancing for 33 Locke Dr., a multi-tenant office and research & development building in Marlborough, MA. The principal of EagleBridge, Ted M. Sidel, arranged the refinance with a leading regional financial institution.
Situated on 3.91 acres of land with parking for 212 vehicles, the two-story property spans over 61,177 square feet and is home to tenants such as XL Batteries, Communication Technology Services and Meadowhawk Biolabs.
Located less than one mile from Route I-495’s Route 20 Interchange – metropolitan Boston’s outer ring circumferential highway – Locke Drive boasts several office/R&D buildings as well as industrial properties.
Nearby amenities include the Best Western Hotel and Trade Center, Courtyard by Marriott hotel chain and various corporate offices including TJX Companies Inc., GE Healthcare Inc., Quest Diagnostics Incorporated , Wellington Management Company LLP , Dow Chemical Company LLC , Oracle Corporation , Lockheed Martin Corporation , Boston Scientific Corporation (NYSE: BSX), Hologic Inc . (NASDAQ: HOLX ), Ingersoll Rand plc (NYSE: IR)and Whole Foods Market Northeast Region headquarters.
Marlborough Office/R&D Property Secures $9M Refinancing Deal
EagleBridge Capital has successfully arranged a $9.2 million mortgage refinancing deal for an impressive multi-tenant office/R&D building located at 33 Locke Dr in Marlborough Massachusetts. This feat was achieved by none other than Eaglebridge Principal Ted M.Sidel who negotiated this deal with one of the region’s top financial institutions.
The property itself is spread over an area of approximately four acres which includes ample parking space that can accommodate up to two hundred twelve vehicles at any given time.The structure stands tall at two stories high covering sixty-one thousand one hundred seventy-seven square feet making it ideal for multiple tenants like XL Batteries, Communication Technology Services and Meadowhawk Biolabs.
The location of Locke Drive is strategically situated less than a mile away from the Route 20 Interchange of Route I-495 which happens to be metropolitan Boston’s outer ring circumferential highway. This area has seen an influx of office/R&D buildings as well as industrial properties in recent years.
There are several amenities located nearby including popular hotels such as Best Western Hotel and Trade Center, Courtyard by Marriott hotel chain along with corporate offices like TJX Companies Inc., GE Healthcare Inc., Quest Diagnostics Incorporated , Wellington Management Company LLP , Dow Chemical Company LLC , Oracle Corporation , Lockheed Martin Corporation , Boston Scientific Corporation (NYSE: BSX), Hologic Inc . (NASDAQ: HOLX ), Ingersoll Rand plc (NYSE: IR)and Whole Foods Market Northeast Region headquarters.
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