BOSTON– EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $4,230,000 for 44 Bearfoot Road, Northborough, Massachusetts.
The mortgage financing was arranged by EagleBridge principal Ted. M. Sidel who stated that the loan was provided by a leading regional financial institution.
44 Bearfoot Road is a three-story, 45,000 square foot, multi-tenant, building situated on a 6.5 acre site with parking for 212 vehicles. The building is 100% leased. Occupants include Marlborough Office Center, Greater Boston Commercial Properties, Endeavor Films, and a mix of medical, legal, and business tenants. The building was constructed in 2001 and renovated in 2017.
The property is located just off of the Solomon Pond Road/I-290 Interchange (Exit 25) and less than two miles from the I-290/I-495 Interchange. Route I-495 is metropolitan Boston’s outer ring circumferential highway. The 1.1 million square foot Solomon Pond Mall anchored by Macys and featuring 100 stores and restaurants is located on Solomon Pond Road. Located nearby are the Courtyard by Marriott, the Best Western Hotel and Trade Center, and a number of corporations including TJX, Saint-Gobain Research Center, GE Healthcare, Quest Diagnostics, Wellington Management, Dow Chemical, Oracle, Lockheed Martin, TJX, Boston Scientific and the Whole Foods Northeast Region Corporate headquarters as well as shopping centers, restaurants, and apartment complexes.