MARLBOROUGH, MASS. — Colliers International has arranged $60 million in bridge financing for 200 Forest St., a 527,580-square-foot office building in suburban Boston. The research and development facility is located adjacent to Interstate 495 in the Forest Street Office Park in Marlborough. 200 Forest Street is part of the 109-acre former Hewlett-Packard campus acquired vacant by the Atlantic Management in 2011. Atlantic plans to use the loan to reposition and redevelop the property into a Class A, mixed-used development and pay off the original acquisition financing. Plans for the mixed-use project include the redevelopment of two existing office buildings; 350 units of multifamily housing; a 150-key hotel; and up to 75,000 square feet of retail. A state-of-the art diagnostic lab facility is currently under construction at 200 Forest St. for the property’s first tenant, Quest Diagnostics. Dave Douvadjian, Tom Welch and Brian Gaswirth led the Colliers’ Boston-based capital markets team in the transaction.
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