TEQlease Capital, a nationwide provider of equipment lease financing solutions, announced today that the company has provided The Lampwork Lofts, an historic building managed by Madison Park Financial Corporation, with a comprehensive equipment lease financing solution. TEQlease Capital provided flexible, customized lease financing for a sustainable solution for recycling and solid waste management for the historic building.
The Lampwork Lofts is a conversion of a historic four-story brick warehouse into 92 for-rent live/work units. The 115,000 square foot building was certified as a national landmark with the National Park Service, allowing the owners to utilize Federal Historic Tax Credits. The building was originally built in 1919 and served as the manufacturing facility for General Electric’s Mazda Lamps. The building also has the distinction of being the first industrial facility on the West Coast to employ women.
Madison Park Financial Corporation is a real estate investor, developer, operator and asset manager. MPF was formed in 1985 to create value through the development and management of real estate across all asset classes.