A $190 million first mortgage refinancing has been successfully arranged for Legacy Place, a thriving grocery-anchored lifestyle retail center located at 300 Legacy Place Blvd in Dedham, Massachusetts. The property spans 675,000 square feet on 37 acres, offering a prime retail space for businesses in the area.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $190,000,000
• Address: 300 Legacy Place Blvd, Dedham, MA
• Market: Dedham, MA
• SF: 675,000
• Acres: 37

The first mortgage refinancing was led by Wells Fargo and Truist, with a two-bank syndicate involved in the loan arrangement. WS Development and Nuveen Real Estate, the landlords of Legacy Place, will benefit from the refinancing. The borrower, WS Development, and Nuveen Real Estate will be able to leverage the new loan to further enhance and develop Legacy Place, supporting its status as a vibrant retail destination in Dedham.

JLL Retail Capital Markets, represented by Brett Paulsrud, Henry Schaffer, Hugh Doherty, Chris Angelone, and Zach Nitsche, played a pivotal role in facilitating the successful refinancing deal for Legacy Place. Their expertise and collaboration with the lenders and landlords ensured the smooth execution of the transaction.