Updated Jun 24, 2026
PGIM Issues $58.5 Million Refinance Loan For One Brattle Square In Cambridge, MA
1 Brattle Street
$58,500,000
$709/SF
Building Size
82,500 SF
Asset Type
Office
Closing
Jun 23, 2026
About this deal
AI
One Brattle Square is a six-story mixed-use office and retail building located at 1 Brattle Street in Cambridge, MA, with a total square footage of 82,500. The property is situated in the Harvard Square submarket and is affiliated with Beacon Capital Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $58,500,000
- Lender: Jacques Chappuis - PGIM
- Landlord: Affiliate of Beacon Capital Partners
- Loan Type: Refinance
Jacques Chappuis from PGIM plays a crucial role in this transaction as the lender providing the refinance, facilitating financial support aimed at enhancing the property’s operational capacity and financial viability.
On the Map
$58,500,000
$709/SF
Office
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Players
Market Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93