BXP And Delaware North Secure $465 Million Refinancing Loan For The Hub On Causeway In Boston

The asset involved in this transaction is a mixed-use property located at 100 Causeway Street in Boston, MA, with a square footage of 1,500,000. The loan amount secured for this property is $465,000,000, classified as a refinance loan.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $465,000,000
• Lender: Wells Fargo, Bank of America & Morgan Stanley
• Landlord: Owen D. Thomas - BXP & Jeremy Jacobs - Delaware North
• Loan Type: Refinance

This refinancing deal, facilitated by BXP and Delaware North, aims to repay $490 million in existing debt while adding $35 million in equity. The involvement of Wells Fargo, Bank of America, and Morgan Stanley as lenders highlights the financial backing behind this significant transaction.