JLL Arranges $300M Construction Loan For Mixed-Use Property In Cambridge, MA
40 Thorndike Street
Mixed-use
475,000 SF
475,000 SF
+ 2
Summary
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.
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40 Thorndike Street
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