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

King Street Properties, Brookfield, and Mugar Enterprises have secured a construction financing loan of $585,000,000 for the mixed-use property located at 250, 280, and 305 Western Ave in Allston, MA. The loan, provided for a term of four years with a floating interest rate, will support the development of this substantial asset.

Summary of Transaction Details

• Property Type: Mixed use
• Transaction Amount: $585,000,000
• Property Size: 580,905 SF
• Address: 250, 280, and 305 Western Ave, Allston, MA
• Market: Allston, MA

The financing for this project was arranged by Greg LaBine and Amy Lousararian from JLL Capital Markets. They represented King Street Properties, Brookfield, and Mugar Enterprises in the deal, ensuring the successful acquisition of the necessary funds for the construction. This loan will enable the development of the property and contribute to the growth and development of the Allston market.