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

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FINANCED
$94,000,000
Amy Lousararian
+ 1

Massachusetts

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Life Sciences185,015 SF
Financed 09/30/2024
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FINANCED

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

490 Arsenal Way

See Similar Deals
Life Sciences185,015 SF
Financed 09/30/2024
Amy Lousararian
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Life Sciences
Price Per Square Foot:$508
Total Square Footage:185,015 SF
Transaction Type:Loan

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:

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.

Players

Amy Lousararian
18 deals$1.3B volume
BROKER

Riaz Cassum
JLL
8 deals$1.8B volume
BROKER


2 deals$260.8M volume
BROKER

Societe Generale
LENDER

Details

FINANCED
IMAGE: Amy Lousararian & Riaz Cassum DATE: 09/30/2024 ADDRESS: 490 Arsenal Way MARKET: Watertown, MA ASSET TYPE: Life Sciences ~ SF: 185,015 LENDER: Societe Generale LANDLORD: Clarion Partners LANDLORD'S REP: Amy Lousararian (@AmyLou292), Riaz Cassum (@RiazCassum) & Robyn King - JLL (@JLL) LENDER'S REP: Tim Hallock - Société Générale (@SocieteGenerale) LOAN AMOUNT: $94,000,000 LOAN TYPE: Refinance NOTE: JLL arranged a $94 million refinancing for LINX, a 185,015-square-foot life sciences building in Watertown, Massachusetts, fully leased to three tenants. étéGénérale

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$94,000,000.00

Monthly NOI$626,666.67
Monthly Debt Service$594,143.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00