COLLIERS ARRANGES $13.7M IN FINANCING FOR 448,000 SF ASSET

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DEVENS, MASS. — Colliers International's capital markets group has arranged a $13.7 million loan for 112 Barnum Road, a 448,000-square-foot industrial asset in Devens. A joint venture between Calare Properties and Hackman Capital Partners acquired the property, which served as the former Evergreen Solar headquarters, earlier this year. Tom Welch and David Douvadjian of Colliers arranged the five-year, nonrecourse loan through Unibank for Savings.

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