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Calare Properties Secures $16.5M In Loans To Acquire Middleborough Properties

Sep 10, 2015 | Reprints | Unlock Link | Print

Calare Properties recently financed three industrial properties in Middleborough for approximately $16.5 million in two separate loans.

The first property, a 108,000 square-foot industrial building at 19 Leona Drive, is leased to Sager Electronics, a subsidiary of TTI Inc., a Berkshire Hathaway company. The second, at 139 Campanelli Drive, is an 85,000 square feet of space, leased to Stop & Shop. Calare Properties secured a loan for both buildings for $9.8 million.

The third property, at 16 Leona Drive, is 80,000 square feet of leased space to IDEX Health & Science, an international market leader in manufacturing liquid subassemblies and precision components for medical and life science needs. Calare Properties secured a $6.7 million loan for the building.

CBRE/New England’s Kyle Juszczyszyn, Chris Coutts and Taylor Shepard secured financing for both loans through Blue Hills Bank.

Commercial & Industrial