JLL Arranges $300M Construction Loan For Mixed-Use Property In Cambridge, MA

Located at 40 Thorndike Street in Cambridge, MA, this mixed-use property encompasses approximately 475,000 square feet. The transaction took place on 09/23/2021 and involved a loan for the construction of the property.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $300,000,000
• Address: 40 Thorndike Street
• Market: Cambridge, MA
• Lender: Bank OZK
• Landlord: Leggat McCall Properties & Granite Properties
• Brokers: Riaz Cassum, Trey Morsbach, Brett Paulsrud, & Jim Curtin - JLL
• Loan Type: Construction
• Loan Term: fixed-rate

The loan for this transaction was facilitated by Bank OZK for an amount of $300,000,000. Leggat McCall Properties and Granite Properties served as the landlords in this deal. The brokers involved in this transaction were Riaz Cassum, Trey Morsbach, Brett Paulsrud, & Jim Curtin from JLL.