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Colliers Team Secures Debt for Headquarters Deal
Colliers International secured $18.5 million in long-term fixed rate financing on behalf of RAM Management to acquire Westford Corporate Center.
A Colliers team led by EVP Tom Welch and SVP Adam Coppola secured the competitively-structured, 10-year fixed rate loan from a local banking institution despite the challenging circumstance posed by COVID-19.
Located at 3-5 Carlisle Rd. in Westford, the Westford Corporate Center is an office and research and development complex which totals 167,881 square feet and sits on more than 18 acres.
The property was originally built in 1986 and currently serves as the corporate headquarters for Cynosure, a private equity-backed company in the aesthetic and medical treatment industry.
“Such a favorable outcome – the one agreed to pre-pandemic and closed mid-crisis – stands as a testament to RAM’s impeccable track record, reputation and emphasis on relationships with sellers, lenders and brokers,” said Coppola.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
