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| 10 World Trade is located in the heart of Boston’s Seaport District and across from the city’s largest convention center |
BOSTON, MA, Mar. 29, 2022 – JLL Capital Markets has arranged $543 million in financing for the $596.6 million 10 World Trade project, a speculative development that will offer 555,250 square feet of life sciences, office and retail space in the heart of Boston’s Seaport District.
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| Molly Heath |
JLL
also arranged approx. $160 million in joint venture equity from PGIM Real
Estate (“PGIM”) and Wheelock Street Capital (“WSC”) for the development.
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| Anthony Cutone |
JLL’s
Brokerage team of Managing Director Barry Hynes, Senior Managing
Director Molly Heath, Managing Director Ben Heller, Managing
Director Patrick Nugent and Senior Managing Director Don Domoretsky has
been retained to lease the project.
“Over
the past decade, Boston’s Seaport District has emerged as city’s premier
commercial and residential neighborhood,” Cutone said.
“10
World Trade is one of the last remaining development sites and BGI’s vision for
the project is truly outstanding.”
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| Andrew Gray |
Designed
by the award-winning architects at Sasaki, the iconic tower will incorporate
flexibility, well being, sustainability and technology, which are the new
benchmarks of development in a post-pandemic world.
The
“smart building ready” design allows the building to quickly adapt to a rapidly
changing global environment and synthesize data to address health and safety issues
within the building at all times.
The
17-story tower will house life science and office uses on floors 3-17, while
the ground floor will be home to a dramatic two-story public atrium with a
45-foot domed ceiling, a food hall, and a garden lounge surrounded by an
operable glass façade.
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| Barry Hynes |
Located
in the heart of Boston’s Seaport District and across from the city’s largest
convention center, 10 World Trade has direct frontage along Congress St. and
World Trade Center Ave. and is within walking distance of numerous local and national
retailers, restaurants, hotels, luxury residential and entertainment offerings.
The
transit-oriented tower also has direct access to the Massachusetts Turnpike
(I-90), which provides a direct connection to Boston’s Logan International
Airport as well as Interstate 93.
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| Ben Heller |
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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| Patrick Nugent |
About Boston Global Investors
Boston Global Investors (BGI) is a leading real estate development and consulting firm headquartered in Boston, Massachusetts.
Led by John B. Hynes III and a team of experienced real estate professionals, BGI has over 30 years of experience developing commercial, residential, and mixed-use projects, from landmark towers to city-scale development.
For more information, please
visit: bginvestors.com.
Don Domoretsky
About
JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.
JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce more than 98,000 as of December 31, 2021.
For further
information, please visit jll.com.
Contact:
Kristen
Murphy
JLL Director
Public Relations
Phone: +1
617 848 1572
Email: Kristen.Murphy@am.jll.com
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