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EagleBridge Arranges $38M Financing for Office, R&D Complex in Wilmington
Boston-based EagleBridge Capital has arranged mortgage and JV equity financing in the amount of $38 million for 181 and 187 Ballardvale Street, an office/R&D complex located in Wilmington, MA.
Ted Sidel and Brian Walsh with EagleBridge arranged the financing.
The complex is composed of two office/R&D buildings totaling 210,945 square feet situated on 15.38 acres with parking for 756 vehicles. 181 Ballardvale Street contains 105,394 square feet, whicl and 197 Ballardvale contains 105,541 square feet. Each of the two-story buildings feature two large glass atrium entries as well as two passenger and two freight elevators.
The property is conveniently located one mile from interchanges 39 and 40 of Route I-93. The immediate neighborhood is home to offices and corporate facilities as well as technology, software, manufacturing, and life science companies. Located within walking distance along Ballardvale Street are multiple shopping and eating choices.
- ◦Sale/Acquisition
