Ares Management Provides $82.2M Redevelopment Financing For Office Property In Bedford, MA

The property involved in this transaction is an office space located at 14 Oak Park Drive in Bedford, MA. It spans a total square footage of 166,000. The deal was closed on 08/22/2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $82,200,000
• Market: Bedford, MA
• Lender: Ares Management
• Landlord: Redgate & AEW Capital
• Brokers: Tom Sullivan & Ross Fishman - Cushman & Wakefield
• Loan Type: Redevelopment financing

The lender in this transaction was Ares Management. The landlord involved was Redgate & AEW Capital. The brokers representing the deal were Tom Sullivan and Ross Fishman from Cushman & Wakefield. The loan amount for this redevelopment project was $82,200,000.