Boston, MA– EagleBridge Capital has arranged mortgage and JV equity financing in the amount of $14,650,000 for 6 Riverside Drive, a flex/R &D building located in Andover, Massachusetts. The financing was arranged by EagleBridge principal Ted Sidel.
6 Riverside Drive is a Class A, two-story building containing 77,000 square feet situated on 8.6 acres with parking for 168 vehicles. The building features a large glass atrium entry opening onto a two-story lobby which was recently renovated. Other improvements include a new rooftop HVAC system, upgraded lighting, and resurfacing of the parking lot.
The property is conveniently located one mile from the Route I-93 Interchange and several minutes from Route I-495.
It is situated in the heart of the Andover Office, R&D, Industrial Corridor. The
immediate neighborhood is home to offices, corporate facilities as well as technology, software, manufacturing, and life science companies.
A Homeward Suites Hotel by Hilton is located adjacent to the property. Nearby companies include Pfizer, Becton Dickinson, Putnam, Vicor, Mercury Systems, and Serepta Therapeutics,