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Boston & New England  + Metro Boston  + Finance  | 
3 Riverside Drive in Andover, MA has received $20.7-million debt and equity financing from EagleBridge Capital.

EagleBridge Capital Arranges $21M Debt, Equity for Andover R&D Building

EagleBridge Capital has arranged mortgage and JV equity financing in the amount of $20.7 million for 3 Riverside Drive, a research and development property located in Andover, MA.

Ted Sidel of EagleBridge completed the financing for the 93,500-square foot facility. It is leased to Fishman Transducers, which designs and manufacturers acoustic amplification products, and New England Orthodontic Laboratory, which designs and produces custom orthodontic devices.

3 Riverside Drive sits on 7.4 acres with parking for 207 vehicles. The building was fully removed in 2016 and feature two large glass atrium entries as well as two passenger elevators and four loading docks.

The property is 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. Shopping and dining options are within walking distance.

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EagleBridge Capital

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.

  • ◦Financing
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