BOSTON (January 10, 2017) – Colliers International, Boston today announced that it has arranged the financing for Calare Properties’ acquisition of MACOM Technology Solutions Inc.’s (NASDAQ:MTSI) existing 150,000 square-foot Lowell headquarters.
The financing was led by Senior Vice President, Tom Welch, and his team of Assistant Vice President, Adam Coppola, and Associate John Poole. It included the research, development and manufacturing facility at 100-144 Chelmsford Street, as well as the construction of a connected 58,000 square-foot 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 Tom Welch, Senior Vice President at Colliers International, Boston.
The campus benefits from a central location in the midst of a well-educated, highly skilled and talented labor market. Employees enjoy immediate access to the Lowell MBTA Commuter Line station and proximity to Route 3 and Interstate 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 Street, which Calare purchased in 2013.