facebook
Traded Co logo
Submit

JLL Capital Markets Provides $585M Construction Financing For Allston Mixed-Use Property

Property Image
FINANCED
$585,000,000

Massachusetts

See Similar Deals
Mixed-use580,905 SF
Financed 08/01/2022
the dealplayerscompscontact
Property Image
FINANCED

JLL Capital Markets Provides $585M Construction Financing For Allston Mixed-Use Property

250 Western Avenue, Allston, Massachusetts 02134, United States

See Similar Deals
Mixed-use580,905 SF
Financed 08/01/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$1,007
Total Square Footage:580,905 SF
Transaction Type:Loan

The property asset involved in this transaction includes a mixed-use development located at 250, 280 & 305 Western Ave in Allston, MA, covering a total square footage of 580,905. The loan amount secured for this asset reaches $585,000,000 under a construction financing agreement with a four-year, floating-rate loan structure.

Summary of transaction details:

  • Property Type: Mixed use
  • Transaction Amount: $585,000,000
  • Loan Type: Construction financing
  • Loan Terms: Four-year, floating-rate loan
  • Landlord: King Street Properties, Brookfield & Mugar Enterprises
  • Brokers: Greg LaBine & Amy Lousararian - JLL Capital Markets

The individuals representing the deal on the brokerage side are Greg LaBine and Amy Lousararian from JLL Capital Markets, who facilitated the loan arrangements for the involved parties, namely King Street Properties, Brookfield, and Mugar Enterprises.

Players

Amy Lousararian
18 deals$1.3B volume
BROKER

Greg LaBine
JLL
3 deals$639.9M volume
BROKER

Brookfield Properties
BROKERAGE

Details

FINANCED
IMAGE: Greg LaBine & Amy Lousararian DATE: 08/01/2022 ADDRESS: 250, 280 & 305 Western Ave MARKET: Allston, MA ASSET TYPE: Mixed use ~ SF: 580,905 LANDLORD: King Street Properties, Brookfield & Mugar Enterprises BROKERS: Greg LaBine & Amy Lousararian - JLL Capital Markets LOAN AMOUNT: $585,000,000 LOAN TYPE: Construction financing LOAN TERMS: Four-year, floating-rate loan

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$585,000,000.00

Monthly NOI$3,900,000.00
Monthly Debt Service$3,697,597.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00