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Rockland Trust Provides $22.9M Construction Loan For Industrial Property In Sturbridge, MA

6 Picker Road
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This Industrial property located in MA received a loan of $22,900,000 almost 4 years ago. The broker of the deal was Patrick Boyle

New England Cold Storage has secured a $22,900,000 construction loan for an industrial property located at 6 Picker Road in Sturbridge, MA. The loan was provided by Rockland Trust and will support the development of the asset.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $22,900,000
  • Address: 6 Picker Road, Sturbridge, MA
  • Market: Sturbridge, MA

The landlord, Chris Bailey of New England Cold Storage, successfully secured the loan from Brian Griffin of Rockland Trust. The brokerage for this transaction was handled by Patrick Boyle of Colliers.

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Deals
  • Location
    6 Picker Road, Sturbridge, Massachusetts, USA6 Picker Road, Sturbridge, Massachusetts, USA
  • Loan Value
    $22,900,000$22,900,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Patrick Boyle

Patrick Boyle

Deals5
Financed$106M

Agency

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

Rockland Trust

Rockland Trust

Lender
Deals18
Volume$ 322M

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Deal Summary

LOAN IMAGE: Patrick Boyle, Brian Griffin & Chris Bailey DATE: 05/21/2021 ADDRESS: 6 Picker Road MARKET: Sturbridge, MA ASSET TYPE: Industrial LANDLORD: New England Cold Storage - Chris Bailey LENDER: Rockland Trust - Brian Griffin BROKER: Patrick Boyle - Colliers LOAN AMOUNT: $22,900,000 LOAN TYPE: Construction

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6 Picker Road

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