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Colliers has arranged $38.7 million in construction financing for Pine Hill Drive, a 396,375-square-foot warehouse and distribution facility in Boylston, MA

Colliers Arranges $39M Loan for Class A Industrial Development in Boylston

Colliers has arranged $38.7 million in senior construction financing for the development of Pine Hill Drive, a fully approved, 396,375-square-foot, Class A warehouse and distribution facility in Boylston, MA.

A Colliers team of Jeff Black, Sean Burke and Bryan Koop worked on behalf of the borrower, Wakefield, MA-based NorthBridge Partners, to secure the loan from Cambridge Savings Bank. In addition, a Colliers team of Stephen Woelfel, Kevin Brawley, Kevin Hanna, PJ Foster and John Real are leading the lease-up effort.

With an anticipated delivery date of 4Q 2022, Pine Hill Drive will feature 36-foot clear heights, 92 dock-high doors, four drive-in doors, 45 trailer stalls and 492 parking spaces.

The 55.5-acre site is located immediately off Route 140 and I-290 with access to Interstates 495 and 190. Pine Hill Drive is located in the MetroWest employment corridor, accessible to New England’s major population nodes including Worcester, MA; Boston, MA; Providence, RI and Nashua, NH.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development
  • ◦Financing
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