EagleBridge Capital arranges $ 4.23 million in financing for Northborough office building
BOSTON – EagleBridge Capital has arranged a permanent acquisition / mortgage financing in the amount of $ 4,230,000 for 44 Bearfoot Road, Northborough, Massachusetts.
Mortgage financing was arranged by EagleBridge manager Ted. Mr. Sidel who clarified that the loan was granted by a leading regional financial institution.
44 Bearfoot Road is a three-story, 45,000 square foot, multi-tenant building located on a 6.5 acre site with parking for 212 vehicles. The building is 100% leased. The occupants include Marlborough Office Center, Greater Boston Commercial Properties, Endeavor Films and a mix of medical, legal and commercial tenants. The building was constructed in 2001 and renovated in 2017.
The property is located just off the Solomon Pond Road / I-290 Interchange (Exit 25) and less than two miles from the I-290 / I-495 Interchange. I-495 is the Perimeter Perimeter Freeway in the Boston metropolitan area. The 1.1 million square foot Solomon Pond Mall, anchored by Macys and featuring 100 stores and restaurants, is located on Solomon Pond Road. Nearby are the Courtyard by Marriott, the Best Western Hotel and Trade Center and a number of companies such as TJX, Saint-Gobain Research Center, GE Healthcare, Quest Diagnostics, Wellington Management, Dow Chemical, Oracle, Lockheed Martin, TJX, Boston Scientific and the corporate headquarters of Whole Foods Northeast Region as well as shopping malls, restaurants and apartment complexes.
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