Related Beal Secures $280M Loan For Innovation Square Phase III In Boston

The property involved in the transaction is a 345,000-square-foot life science development located at 22 Drydock Avenue in Boston, MA. The asset, known as Innovation Square Phase III, has secured a mortgage of $280,000,000 from Santander Bank. The landlord of this property is Bruce A. Beal from Related Beal.

Summary of transaction details:

• Property Type: Life Science
• Transaction Amount: $280,000,000
• Address: 22 Drydock Avenue
• Market: Boston, MA
• Lender: Santander Bank
• Landlord: Bruce A. Beal - Related Beal

Related Beal, the landlord of the property, successfully secured financing for Innovation Square Phase III in Boston's Seaport with the assistance of a $280 million mortgage from Santander Bank. Noteworthy, this development adds to the vibrant life science landscape in the area, further solidifying its position as a hub for innovation and research.