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

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.