Clarion Partners Secures $94 Million Refinance For Life Sciences Building In Watertown, MA

The asset involved in the transaction is a life sciences building located at 490 Arsenal Way in Watertown, Massachusetts. The property spans a total area of 185,015 square feet and is currently fully leased to three tenants.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $94,000,000
• Address: 490 Arsenal Way
• Market: Watertown, MA
• Lender: Societe Generale
• Landlord: Clarion Partners
• Landlord's Representatives: Amy Lousararian, Riaz Cassum & Robyn King - JLL
• Lender's Representative: Tim Hallock - Société Générale
• Loan Type: Refinance

The refinancing was arranged by JLL, which played a critical role in securing the $94 million loan for LINX, highlighting the involvement of key representatives in the structured deal. The landlords, represented by Amy Lousararian, Riaz Cassum, and Robyn King, along with Lender's Representative Tim Hallock, are integral to the success of this transaction.