Newmark Brokers Secure $514M Loan For BioMed Realty's Assembly Square Life Science Property | Assembly Square | Timothy O'Donnell, David Douvadjian Jr, Conor Reenstierna, Brian Butler, David Douvadjian Sr. | Other | Loan

Summary

Loan

MASSACHUSETTS

Other

485,000 sqft

The life science property located in Somerville, MA at Assembly Square has been involved in a closed transaction. The property spans a total area of 485,000 square feet, making it a significant asset in the market.

Summary of transation details

Property Type: Life Science
Transaction Amount: $514,000,000
Address: Assembly Square, Somerville, MA
Market: Somerville, MA

Leading the transaction as the landlord is BioMed Realty. On the other hand, representing the deal are David Douvadjian Sr, Timothy O'Donnell, Brian Butler, David Douvadjian Jr, and Conor Reenstierna, all from Newmark.

This transaction involves a loan amount of $514,000,000.

Players

All
6

Agents
5
Agencies
1

Timothy O'Donnell

Executive Managing Director

$103M Sold

Senior Managing Director

David Douvadjian Sr.

Executive Managing Director

$717M Sold

Newmark

Details

Deal Summary

FINANCED

IMAGE: David Douvadjian Jr, Timothy O'Donnell, David Douvadjian Sr, Conor Reenstierna & Brian Butler DATE: 08/01/2022 ADDRESS: Assembly Square MARKET: Somerville, MA ASSET TYPE: Life Science ~ SF: 485,000 LANDLORD: BioMed Realty BROKERS: David Douvadjian Sr, Timothy O'Donnell, Brian Butler, David Douvadjian Jr & Conor Reenstierna - Newmark (@Newmark) LOAN AMOUNT: $514,000,000

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AddressAssembly Square

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