facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

Massachusetts

/

Development Site

/

Loan

/

4054 Mystic Valley Parkway

Updated Oct 29, 2024

Rise Secures $200M Financing For Life Sciences Development In Medford, MA
FINANCEDDevelopment Site

Rise Secures $200M Financing For Life Sciences Development In Medford, MA

4054 Mystic Valley Parkway

$200,000,000

$643/SF

Building Size

311,000 SF

Asset Type

Development Site

Closing

Apr 28, 2023

About this deal

AI

Rise, a minority-owned development firm, has secured financing for an eight-story, 311,000 square foot life sciences development in Medford, Massachusetts. The development site is located at 4054 Mystic Valley Parkway, near Wellington Station. The $200,000,000 loan will be used to fund the project, which is planned to include ground-floor retail, indoor bike storage, below-grade parking, and a landscaped public plaza. This development is expected to bring 500 permanent jobs and 600 construction jobs to the city.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $200,000,000
  • Address: 4054 Mystic Valley Parkway, Medford, MA
  • Market: Medford, MA
  • Asset Type: Development Site
  • Square Footage: 311,000
  • Landlord: Rise
  • Brokers: Dave Douvadjian Sr & Harrison Zucco - Newmark

Rise, a minority-owned development firm, has successfully secured a $200,000,000 loan for their eight-story, 311,000 square foot life sciences development in Medford, Massachusetts. This project, located near Wellington Station at 4054 Mystic Valley Parkway, aims to enhance the area with various amenities such as ground-floor retail, indoor bike storage, below-grade parking, and a landscaped public plaza. The development is expected to generate 500 permanent jobs and 600 construction jobs, contributing to the city's prosperity and growth.

On the Map

Open live map

$200,000,000

$643/SF

Development Site

View full map

Players

Harrison Zucco

Newmark

Broker

$200M

vol

1 deal

Broker
R
RISELandlord

Medford Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

About $643 per square foot on a published $200M for 311,000 square feet (2023).

Visit Newmark to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets