CV Properties, Cannon Hill Capital Partners & L&B Realty Advisors Acquires Life Science Property In Somerville, MA For $278M With JLL Reps

The property involved in this transaction is a life science asset located at 101 South St in Somerville, MA. It has a total square footage of 334,000 and is owned by CV Properties, Cannon Hill Capital Partners, and L&B Realty Advisors.

Summary of transaction details:

• Property Type: Life Science
• Transaction Amount: $278,000,000
• Loan Amount: $278,000,000
• Loan Type: Construction Loan
• Landlord: CV Properties, Cannon Hill Capital Partners, and L&B Realty Advisors
• Brokers: Anthony Cutone & Henry Schaffer - JLL

This transaction involved a construction loan of $278,000,000. The loan was obtained for the development of the aforementioned life science property located at 101 South St in Somerville, MA. The brokers involved in the deal were Anthony Cutone and Henry Schaffer from JLL.