EagleBridge Capital Arranges $20.7M Debt and Equity Financing for R&D Building in Andover

Boston – EagleBridge Capital has arranged a $20,700,000 mortgage financing and equity financing for 3 Riverside Drive, an R&D building located in Andover, Massachusetts. The funding was arranged by EagleBridge Director Ted Sidel.

3 Riverside Drive is a 93,500 square foot two-story R&D building located on 7.4 acres with parking for 207 vehicles. The building was completely demolished in 2016 and features two large glass atrium entrances along with two passenger elevators and 4 loading docks.

3 Riverside is leased to Fishman Transducers which designs and manufactures acoustic amplification products and to the New England Orthodontic Laboratory which designs and manufactures custom orthodontic devices.

The property is conveniently located one mile from the 39 and 40 interchanges of I-93. The immediate neighborhood is home to corporate offices and facilities as well as technology, software, manufacturing, and life science companies. Located within walking distance along Ballardvale Street you will find many shops and restaurants including Target, CVS, Starbucks, Dunkin Donuts, Subway, Pizza Hut, etc. Nearby companies include OSRAM, Agfa, Verizon, Charles River Laboratories, L3 Harris, Roche, Gillette, National Grid, Symbotic Robotics, Spectra Medical Devices and Panasonic.

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Carol M. Barragan