Owen D. Thomas Of Boston Properties Secures $108 Million Refinance From J.P. Morgan Chase

The development site at 400 11th Avenue in Hudson Yards, Manhattan, is a 14-story project encompassing 452,817 square feet. The site was acquired by Boston Properties in 2005 for $54.8 million. The recent refinancing transaction involved a loan amount of $108 million, replacing an earlier loan of $80 million held by Boston Properties.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $108,000,000
• Lender: J.P. Morgan Chase
• Landlord: Owen D. Thomas - Boston Properties
• Previous Loan Amount: $80,000,000
• Acquisition Price: $54,800,000
• Year of Acquisition: 2005
• Project Inception Year: 2014

Owen D. Thomas, representing Boston Properties, was involved in securing the refinancing with J.P. Morgan Chase, facilitating the financial structure necessary for the ongoing development at the site.