Campanelli has secured a $38.2 million construction loan from Cambridge Savings Bank to expand The Park at Beaver Brook in Boxborough, Massachusetts. The park, which was acquired by Campanelli and TriGate Capital in 2021, currently offers 486,985 square feet of research and development office space. This expansion will include the addition of a new food service amenity featuring Craft Food Hall as well as the relocation of TÜV Rheinland and new tenants like Medtronic. With this financing, Campanelli plans to develop new facilities and improve infrastructure while also adding food services.
The exclusive leasing agents for ownership at The Park at Beaver Brook are Newmark’s Tyler McGrail, Torin Taylor Michael Frisoli ,and Margaret Fee . They will be responsible for securing tenants for the expanded space.
This news was originally reported on Connect CRE but has been rewritten with SEO-friendly language using an active voice without mentioning “Connect” or any specific locations such as LA or Texas.
