JLL Capital Markets leads $246 million construction loan package for 808 Windsor, a 353,000-square-foot lab development located in the Boynton Yards neighborhood of Somerville, MA

 

Rendering of 808 Windsor,
a planned art life sciences development
totaling 353,000 square feet in Somerville, MA

BOSTON, MA – JLL Capital it has arranged $246 million in construction financing for 808 Windsor, a to-be-built, state-of-the-art life sciences development totaling 353,000 square feet in Somerville, Massachusetts.

Brett Paulsrud

 JLL worked on behalf of the borrower, a partnership between Leggat McCall Properties, DLJ Real Estate Capital Partners and Deutsche Finance America, to secure the five-year loan through Bank OZK.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Brett Paulsrud and Director Henry Schaffer.

The 808 Windsor development will consist of an 11-story, state-of-the-art facility that will offer 346,000 square feet of lab space, 7,000 square feet of retail and 242 below-grade parking spaces.

Henry Schaffer

The property is part of the developer’s Boynton Yards Master Plan, which is currently programmed for up to 1.35 million square feet of development and is home to 101 South St., the first project within the master plan to be completed this year.

 The life science space at 101 South St. is fully leased to four life sciences companies within Flagship Pioneering’s portfolio.

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Contact: 

Kristen Murphy

JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email:  Kristen.Murphy@am.jll.com