Fred Siegel Of Beacon Capital Partners Secures $149.2M Loan From Morgan Stanley Bank In Boston

The asset involved in the transaction is a life sciences-heavy office building located at 27 Drydock Avenue in Boston, MA, with a total square footage of 286,000. Beacon Capital Partners secured a loan amounting to $149,200,000 from Morgan Stanley Bank for refinancing purposes, replacing a previous $150,000,000 note from 2020.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $149,200,000
• Lender: Morgan Stanley Bank
• Landlord: Fred Siegel - Beacon Capital Partners
• Tenants: Includes Ginkgo Bioworks

This transaction signifies a shift in financing for Beacon Capital Partners under the representation of Fred Siegel, indicating the company's ongoing strategies amidst the current challenges faced in the life sciences market, particularly noted for tenant downsizing and space subleasing activities.