Pivotal Manufacturing Partners And Declaration Partners Secure $52.8M Loan For Commonwealth Fusion Systems HQ

The property involved in this transaction is an industrial asset located at 117 Hospital Road, Devens, MA, encompassing a total of 165,000 square feet. The acquisition of this asset was executed for a price of $74 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $74,000,000
• Loan Amount: $52,800,000
• Loan Type: Acquisition
• Lender: Goldman Sachs
• Landlord: Brian Frank - Declaration Partners
• Landlord: David Robbins - Pivotal Manufacturing Partners

In this transaction, Pivotal Manufacturing Partners and Declaration Partners secured financing from Goldman Sachs to facilitate the acquisition. The deal underscores the collaboration between prominent entities in the industrial sector in the acquisition of a global headquarters for Commonwealth Fusion Systems.