M&AReal EstateSIGNED
Hendrie Lane Capital Acquires R&D and Manufacturing Portfolio for $43.5 Million
Value
$43.5M
Acquirer
Hendrie Lane Capital, V12 Investments, and The Zaro Group
Target
R&D and Advanced Manufacturing Portfolio at 3 & 6 Riverside Drive, Andover, MA
Hendrie Lane Capital, V12 Investments, and The Zaro Group have acquired a 170,771-square-foot R&D and advanced manufacturing portfolio located at 3 & 6 Riverside Drive in Andover, MA, for $43.5 million. JLL brokered the sale and arranged $28.6 million in financing.
✦ Meridian Analysis
This acquisition marks the first investment under Hendrie Lane Capital's R&D and advanced manufacturing strategy. The deal, which includes significant financing, points to a strategic focus on acquiring properties in these specialized sectors.
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