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Berkeley, Singerman Close on New Financing for Exchange 200 in Malden
Boston-based Berkeley Investments has entered into a new equity joint venture with Singerman Real Estate and closed on new financing for Exchange 200, a four-story, 352,000+ square-foot mixed-use building in the Malden Center, Malden, MA.
The new financing was secured through JLL (which also handles leasing); published reports state that Acore Capital provided $135 million in financing according to a Middlesex Registry of Deeds filing.
Construction is already underway to transform Exchange 200 into a Class A lab and life sciences-ready innovation center. Upgrades include state-of-the–art HVAC and MEP systems, emergency generator and a centralized pH neutralization system.
According to Berkeley Investments, the Malden Center’s transit access — including Orange Line, Commuter Rail and an extensive bus network — is a major asset to a growing number of life sciences companies seeking to attract a young, highly educated workforce.
Photo: ROBERTO FARREN PHOTOGRAPHY LLC
- ◦Development
- ◦Financing
