Colliers International closes $19.7 million in financing for Calare Properties acquisition

February 10, 2017 - Financial Digest
100-144 Chelmsford Street - Lowell, MA 100-144 Chelmsford Street - Lowell, MA

Lowell, MA Colliers International has arranged the financing for Calare Properties’ acquisition of MACOM Technology Solutions Inc.’s existing 150,000 s/f headquarters.

The financing was led by senior vice president, Tom Welch, and his team of vice president Adam Coppola, and associate John Poole. It included the research, development and manufacturing facility at 100-144 Chelmsford St., as well as the construction of a connected 58,000 s/f first-class office addition to serve as MACOM’s expanded headquarters. The $19.7 million financing consists of a first mortgage acquisition and construction loan from Boston Private Bank and Rockland Trust and subordinate debt from a community loan fund established to promote economic development in Massachusetts. In addition to the construction of a new headquarters, Calare will make a substantial investment to upgrade the existing facility and to create a first class campus environment for MACOM.

“We are pleased to have facilitated attractive financing that will enable Calare to provide a state-of-the-art corporate headquarters expansion for such an exciting, growing company delivering breakthrough semiconductor technologies,” said Welch.

 The campus benefits from a central location in the midst of an educated, skilled and talented labor market. Employees enjoy access to the Lowell MBTA Commuter Line station and proximity to Rte. 3 and I-495. As part of the development plan, Calare will create an attractive and accessible campus setting with the adjacent MACOM building located at 121 Hale St., which Calare purchased in 2013.

Colliers International Group Inc. is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

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