Brokerage firm JLL worked on behalf of LeCesse Development Corp. and MAS Development Group to secure a $55-million construction loan through Citizens Bank and Lakeland Bank for the Vinty.
The deal involves the purchase of the nine-building Shadeland Commerce Center that totals 1.7 million square feet as well as a 353,000-square-foot building.
With the acquisition, Marquee Brands will diversify its women's fashion division and add scale to its directly managed e-commerce platform. Marquee Brands currently operates across women's fashion, men's fashion, active & outdoor and home & food divisions.
The brokerage firm states the property sold for $5.575 million, which calculates out to $179,839 per unit, which was the highest price per unit for a single property in Kenwood in the last 10 years, according to CoStar data.
The Marina Thermal Facility is a combined heat and power generation facility that provides electricity and hot and chilled water to both the Borgata Hotel Casino & Spa and The Water Club.
The 19-story nearly 350,000-square-foot tower designed by KPMB Architects twill be the university's and Boston's largest and most sustainable, energy-efficient building when it opens in 2022.
The new facility will expand Thomas Jefferson University's research capacity and, along with the Bluemle Life Sciences Building and Jefferson Alumni Hall, will create a "research corridor" along Locust Street.