Calare Nabs MACOM Headquarters with Help from Colliers
- Jan 17, 2017
Boston—Colliers International recently announced it has arranged, on behalf of Calare Properties, a $19.7 million acquisition and construction loan for 100 Chelmsford St. in Lowell, Mass., a 150,000-square-foot R&D and manufacturing facility with a 20-year leaseback to MACOM Technology Solutions Inc.
The financing consists of an acquisition and construction loan secured through Boston Private Bank and Rockland Trust, as well as subordinate debt from a community loan fund promoting economic development in the state.
The sale also included the construction of a connected 58,000-square-foot office addition which will serve as a headquarters expansion for MACOM. The expansion is slated for completion in 2018. MACOM has been based in Lowell for the past 25 years and, according to Middlesex County records, signed the 20-year lease at the end of December 2016.
The property is located next to the Lowell MBTA Commuter Line station, 30 miles northeast of downtown Boston, and offers quick access to interstates 93 and 495.
“This strategic acquisition and prime development opportunity will establish a world-class corporate campus to serve as MACOM’s global headquarters, furthering the company’s commitment to growing in this thriving market where availability of existing manufacturing and industrial space is limited,” said Bill Manley, CEO & CIO of Calare, in prepared remarks.
Image courtesy of Colliers International