$9m in financing set for industrial site

CBRE|Melody has arranged $9 million in financing for the purchase and improvement of a Mansfield industrial building.

The Boston office of CBRE|Melody, the debt and equity placement division of CB Richard Ellis, said today that it arranged the financing for the property's owner, Calare Properties Inc., a real estate investment company in Hudson.

The property, at 60 Maple St., is a 231,000-square-foot building with 20 loading docks. It sits on 14.8-acres.

The financing package "allowed Calare Properties to not only acquire this vacant property, but also provides capital for building improvements and lease-up costs," said William Manley, president of Calare Properties. "We're refurbishing the entire property in order to make 60 Maple a marquee industrial and warehouse building."
(By Chris Reidy, Globe staff)