Profile

David Douvadjian
Executive Vice President
Colliers International


AREA OF EXPERTISE
Mr. Douvadjian is an executive vice president and managing partner, member of the Executive Committee and a shareholder of the firm. He provides nationwide representation for Boston-based clients, fulfilling the full spectrum of their debt and equity needs. Mr. Douvadjian also plays an instrumental role in cultivating strong relationships with existing lenders while expanding the roster of accessible financial institutions including the firm's life insurance company correspondents, Wall Street firms, debt funds, and major and local banks.

PROFESSIONAL ACCOMPLISHMENTS
With over 30 years' experience with the Capital Markets group, Mr. Douvadjian has been responsible for the production of several billion dollars of financing for office, industrial, retail, residential and hotel property types.

NOTABLE TRANSACTIONS
200 Forest Street, Marlborough, MA – $60 million in bridge financing of a 528,000-square-foot office/R&D building. 200 Forest Street is a part of the former 109-acre Hewlett Packard campus and was acquired by Atlantic Management through this transaction. The financing, done through UBS Investment Bank, allows for the recapitalization, reposition, and redevelopment of this vacant property into a first-class mixed-use development. With rezoning completed in December of 2012, the redevelopment allows for additional by-right uses including 350 multifamily units, a 150-key hotel, and up to 75,000 square feet of retail. The first tenant, Quest Diagnostics, is completing the build-out of a state-of-the-art diagnostic lab facility at the site.

New Balance World Headquarters, Brighton, MA – Fixed-rate construction/permanent loan through Prudential Capital Group. The transaction's long-term loan structure prevailed against other lenders and allows the client, New Balance, to move forward with the development of its new world headquarters at Boston Landing. The 276,000-square-foot HQ will serve as a cornerstone of the entire 1.45-million-square-foot development site and positions New Balance as a model and leader for other companies looking for a cost-effective alternative to Boston with excellent commuter access.

Panther Properties Portfolio, Huntsville, AL & Cordova, TN — Colliers arranged for the $60.4-million acquisition/mezzanine financing of this 781,334-square-foot, 740-unit portfolio of multifamily assets. The portfolio consisted of two properties in Tennessee and one in Alabama. Colliers obtained 85% loan to value financing with funding for planned capital expenditure. The first mortgage piece of the loan was fixed over the ten-year swap rate with two years interest only. The mezzanine piece was set at IO through the term. Additionally, this loan is non-recourse.

ADDITIONAL AFFILIATIONS
Boston College Club, Member
University of Massachusetts Club, Member
Colliers Investment Services Group, Member
Certified Commercial Investment Member (CCIM), Candidate
Boston Foundation for Architecture, Former Trustee
Professional Resource Network, Past Member


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