BOSTON (January 10, 2017) – Colliers International, Boston today announced that it has arranged the financing for Calare Properties’ acquisition of MACOM Technology Solutions Inc.’s (NASDAQ:MTSI) existing 150,000 square-foot Lowell headquarters.

The financing was led by Senior Vice President, Tom Welch, and his team of Assistant Vice President, Adam Coppola, and Associate John Poole. It included the research, development and manufacturing facility at 100-144 Chelmsford Street, as well as the construction of a connected 58,000 square-foot first-class office addition to serve as MACOM’s expanded headquarters. The $19.7 million financing consists of a first mortgage acquisition and construction loan from Boston Private Bank and Rockland Trust and subordinate debt from a community loan fund established to promote economic development in Massachusetts. In addition to the construction of a new headquarters, Calare will make a substantial investment to upgrade the existing facility and to create a first class campus environment for MACOM.

“We are pleased to have facilitated attractive financing that will enable Calare to provide a state-of-the-art corporate headquarters expansion for such an exciting, growing company delivering breakthrough semiconductor technologies,” said Tom Welch, Senior Vice President at Colliers International, Boston.

The campus benefits from a central location in the midst of a well-educated, highly skilled and talented labor market. Employees enjoy immediate access to the Lowell MBTA Commuter Line station and proximity to Route 3 and Interstate 495. As part of the development plan, Calare will create an attractive and accessible campus setting with the adjacent MACOM building located at 121 Hale Street, which Calare purchased in 2013.

btnDownload-red-212x75

 

 

About Colliers International Group:

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI is an industry leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in Boston, follow @Colliers_Boston.

For further information, please contact:

Christine Comey Lewis
InkHouse for Colliers International, Boston
Phone: 781.966.4157
Email: colliers@inkhouse.com