Singerman Real Estate Secures $135.1M Loan From Acore Capital In Malden

The property at 200 Exchange St in Malden, MA is a 352,000-square-foot mixed-use asset owned by Berkeley Investments. The property was acquired in 2016 by Berkeley and has undergone significant redevelopment, transforming it into a modern innovation hub catering to life sciences, lab, and R&D/flex users. Berkeley, in partnership with Singerman Real Estate, secured a $135.1 million loan through Acore Capital to further enhance the property, offering Class A options at a substantial cost savings for prospective occupants.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $135,100,000.00
• Address: 200 Exchange St, Malden, MA, 02148
• Market: Malden
• Borrower: Singerman Real Estate
• Lender: Acore Capital
• Borrower's Rep: Lauren O’Neil(JLL)

The financing for the property was arranged with the assistance of a JLL Capital Markets team led by Lauren O’Neil and Coleman Benedict. The redevelopment project also involves a joint venture with Singerman Real Estate to create a premier lab and life sciences destination. With a focus on upgrading the infrastructure to meet the demands of future tenants, the property is set to offer state-of-the-art features and amenities to attract a growing population of talented professionals in the Malden area.