DENVER (May 12, 2014) – Stephen P. Bye, executive vice president, Paul T. Luber, vice president and Mark Lindgren, investment analyst arranged joint venture capital of $5.2 million for a vacant office building located at 397 Williams St. in Marlborough, Massachusetts. NorthMarq arranged the capital for the borrower, a Boston-based investment client, through its relationship with a correspondent life company.
Constructed in 1985, the two-story office facility contains approximately 130,000 square feet. The building offers optimum divisibility for 50,000-60,000 square feet users as well as unique corporate amenities including: full-service cafeteria, several conference facilities and locker rooms. The structure features unique power equipment with 4,000 amps, 480 volts, 3-phase 4 wire power system, as well as a backup diesel-powered generator. The site consists of 18.82 acres with 630 surface parking spaces that can be expanded.