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Marlborough Office/R&D Property Lands $9M Refinance
EagleBridge Capital arranged $9.2 million in mortgage refinancing for 33 Locke Dr., a multi-tenant office/R&D building in Marlborough, MA. The refi was arranged by EagleBridge principal Ted. M. Sidel, and the loan was provided by a leading regional financial institution.
33 Locke Dr. is a two-story, 61,177-square-foot property situated on a 3.91-acre site with parking for 212 vehicles. Tenants include XL Batteries, Communication Technology Services and Meadowhawk Biolabs.
Locke Drive is located less than a mile from the Route 20 Interchange of Route I-495, metropolitan Boston’s outer ring circumferential highway. Several office/R&D and industrial buildings are located along Locke Drive.
Located nearby are the Best Western Hotel and Trade Center, the Courtyard by Marriott and a number of corporate offices including TJX, GE Healthcare, Quest Diagnostics, Wellington Management, Dow Chemical, Oracle, Lockheed Martin, Boston Scientific, Hologic, Ingersoll Rand and the Whole Foods Northeast Region headquarters.
- ◦Financing