boston - The Real Reporter

36Selected Real Estate Financing Transactions By:CAPITALALLIANCE ADVISORSAshworth Mortgage Corp. – Boston, MAEstreich & Company – New York, NYFirst MortgageRefinance$25,200,000Historic Office BuildingLocated in:Waltham, MAFirst MortgageRefinance$7,000,000Industrial BuildingLocated in:Haverhill, MAFirst Mortgage& MezzanineAcquisition Finance$14,000,000Office PortfolioLocated in:Plantation, FLFirst MortgageBridge Financing$13,000,000Office ComplexLocated in:Norwood, MATHE REAL REPORTER 2013 SUMMER REVIEWC&W, RBJ ORCHESTRATE DEALcontinued from page 34keen on being a landlord for a third party. The challenge was to find a tenantto make the idea viable for a caretaker owner such as Campanelli, afirm C&W a few years back had helped trade a nearby Granite State buildingfor and then developed a congenial business relationship. Ironically,Mercury Systems had years ago been in a Campanelli building, and Farrellysays that amicable experience further contributed to the comfort level.“It’s all about trust,” explains the veteran broker. “Everyone involved inthis deserves credit for being honest and trustworthy all the way through.”Farrelly had effusive praise for the performance of his RBJ colleagues,who were assisting the firm based across the Massachusettsborder in Chelmsford in finding expanded space, a chore that had astrict time limit and required specially designed facilities similar to thatwhich Vectron had created for its own purposes. “I knew that Brian andJohn would have their client’s best interest in mind, and that once theylooked under the hood (at 267 Lowell Rd.), they would realize this wasan ideal fit for them and would save them an incredible amount of timeand expense.”In Campanelli, Farrelly says he felt his client was getting a provenreal estate owner who would not disrupt the process and had the skillsets to enhance the structure. The Braintree-based firm also agreed tobuy Mercury’s existing facility, an unusual stipulation, admits Farrelly,but one Campanelli willingly did and is now listing for sale.Besides Vectron and Mercury, Farrelly says he believes the result isadvantageous to Campanelli and TriGate. “It’s a very unique opportunityto own a standalone tech building in one of the rapid growth areasof southern New Hampshire,” says Farrelly.◆First MortgageFirst MortgageTen Post Office Square Boston, MA 02109617.692.2997 | www.therealreporter.comRefinancing$14,000,000Industrial PortfolioLocated in:Charlotte, NCAcquisition Financing$3,500,000LandLocated in:Wayland, MAMANAGING EDITORJoe ClementsSENIOR WRITERMichael HobanTECHNOLOGYBrandon HensonPHOTOGRAPHERDerek SzaboFor More Information, Please Contact:Dick Ashworth617.965.0088dickashworth@ashworthmortgage.comSal Torre212-356-9265storre@estreich.comPRODUCTION DIRECTORBill SamatisADVERTISING EXECUTIVEDale O’ReillyPUBLISHERMichael WalshDATA DEVELOPMENTMitchell PhillipsILLUSTRATORWill Samatis617.965.0088VOLUME 5, NUMBER 19© 2013 The Real Reporter, LLC. All rights reserved. No part of thispublication may be reproduced without the written consent of the publisher.