News: Front Section
Posted: November 27, 2020
JLL handles $44.03 million loan for 20 Guest St. at Boston Landing
Boston, MA JLL Capital Markets has arranged $44.03 million in financing for 20 Guest St., a 228,912 s/f creative office building located adjacent to the Boston Landing neighborhood.
JLL worked on behalf of a partnership between Griffith Properties, LLC and Artemis Real Estate Partners to secure the five-year, floating-rate acquisition loan with MetLife Investment Management.
20 Guest St. is located adjacent to Boston Landing, one of the city’s newest and most dynamic neighborhoods that is considered by many to also be the city’s premier wellness hub. Highlights of the neighborhood include the new Boston Bruins practice facility and Warrior Ice Arena, The Auerbach Center, the Boston Celtics practice facility and the soon-to-be home of The Track at New Balance, a world-class indoor hydraulic track, field and entertainment venue. 20 Guest St. boasts a transit-oriented location adjacent to the Mass. Pike as well as the MBTA Boston Landing station providing access to the western suburbs as well as Fenway, Back Bay and downtown. Completed in 2000 and designed by ADD, Inc., the office building features views through its generous window line, column-free floorplates with exposed ceilings and flexible tenant areas. 20 Guest St. is fully leased to seven tenants, including Harvard Business School of Publishing.
The JLL Capital Markets team representing the borrower included senior managing director Lauren O’Neil and senior director Martha Nay.
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