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Boston & New England  + New England  + Office  | 
Red Oak Financial has completed a $10-million bridge loan for The South Campus at Gillette Ridge office campus in Bloomfield, CT.

Red Oak Arranges $10M Bridge Loan for 51-Acre Office/Industrial Campus in Bloomfield

Red Oak Financial has completed a $10-million bridge loan for The South Campus at Gillette Ridge, a Class A multi-tenant office/industrial campus in the Hartford, CT suburb of Bloomfield.

The property consists of a 435,853-square-foot, four-story office; a 101,652-square-foot warehouse and a 40,688-square-foot flex/office on 50.8 acres. 

The sponsor is set to undertake a comprehensive plan to reposition and re-brand the property, which includes taking advantage of the extensive landscaping and views of adjacent golf courses in West Hartford/Bloomfield. The sponsor plans to install a golf simulator and putting greens.

“We are confident in the long-term success of this property,” said Gary Bechtel, CEO of Red Oak said. “The planned capital expenditures to the building and common areas throughout the campus will enhance the experience of the existing tenants as well as increase the overall market appeal to prospective tenants.”

Existing amenities within the campus include a two-story parking garage, glass-enclosed four-story atrium, glass passenger elevators, waterfalls, dining options, fitness center and conference space.


Inside The Story

Red Oak Financial

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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