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

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.