CBRE|Melody backs purchase of Wilmington building

June 29, 2007 08:34 AM E-mail| |Comments ()| Text size +

The Boston office of CBRE|Melody said that it has arranged for $11.6 million in acquisition financing for the purchase and improvement of an industrial and manufacturing building in Wilmington.

The financing is for VinCo Properties Inc., a Boston-based real estate development company, CBRE|Melody said.

The financing was arranged through the Boston office of the Anglo Irish bank, and it includes future funds for tenant improvements and leasing commissions as well as for capital expenditures, CBRE|Melody said.

CBRE|Melody is a debt and equity placement unit of CB Richard Ellis Group Inc., a commercial real estate services company headquartered in Los Angeles.
(By Chris Reidy, Globe staff)

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