BOSTON, MA – Real estate development and consulting firm Boston Global Investors has obtained $543 million in financing to develop a $596.6 million speculative mixed-use tower in Boston's Seaport district. JLL capital markets worked on behalf of the borrower and developer to arrange the financing.
On behalf of Boston Global Investors, JLL secured a $382.5 million construction loan through a life insurance company lender, and, along with PGIM Real Estate and Wheelock Street Capital, JLL also arranged $160 million in joint-venture equity for the development.
The 555,250-square-foot project, titled 10 World Trade, will feature 17 stories of life sciences, office and retail space.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
