{"id":40005,"date":"2024-10-04T07:21:37","date_gmt":"2024-10-04T04:21:37","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=40005"},"modified":"2025-03-25T14:23:40","modified_gmt":"2025-03-25T11:23:40","slug":"clarion-partners-secures-refinancing-for-boston-area-life-sciences-property","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/clarion-partners-secures-refinancing-for-boston-area-life-sciences-property\/","title":{"rendered":"Clarion Partners Secures Refinancing for Boston-Area Life Sciences Property"},"content":{"rendered":"

Clarion Partners\u00a0has secured a $94 million loan to refinance\u00a0Linx, a 185,000-square-foot, Class A life sciences property that opened six years ago in Watertown, Mass., a suburb of about 35,000 people eight miles west of downtown Boston.<\/p>\n

The five-year loan, valued at $94 million, was provided by Soci\u00e9t\u00e9 G\u00e9n\u00e9rale under the leadership of Managing Director, Tim Hallock, while a JLL Capital Markets debt advisory team of Riaz Cassum, Amy Lousararian and Robyn King played a key role in arranging the financing for this deal.<\/p>\n

\u201cDespite the recent softening in the life sciences market, Watertown\u2019s East End, where LINX is located, remains a key life sciences cluster,\u201d Cassum said. \u201cOngoing investment and redevelopment in the immediate vicinity by several major institutional investors validates this submarket\u2019s presence on the national life sciences stage.\u201d<\/p>\n

Located within Watertown\u2019s East End life sciences cluster, 490 Arsenal Way \u2014 also known as Linx \u2014 is a two-story, glass building offering a range of modern amenities. These include a 33-foot-high lobby, storage for 78 bikes, locker rooms with showers, on-site parking, an electric vehicle charging station and a shuttle service to Harvard Square. The property also features a bocce ball court.<\/p>\n

The property\u2019s strategic location also provides convenient access to downtown Boston, Logan Airport and surrounding suburbs via the Massachusetts Turnpike\/I-90. Linx is also situated near Arsenal Yards (a mixed-use redevelopment project) and adjacent to the Watertown Mall.<\/p>\n

Since its opening in 2018, Linx has remained fully leased. Clarion Partners acquired the property in 2019, and the building continues to be occupied by three tenants \u2014 C4 Therapeutics, Addgene and Tectonic Therapeutic.<\/p>\n

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Clarion Partners\u00a0has secured a $94 million loan to refinance\u00a0Linx, a 185,000-square-foot, Class A life sciences property that opened six years ago in Watertown, Mass., a suburb of about 35,000 people eight miles west of downtown Boston.\u00a0<\/p>\n","protected":false},"author":56,"featured_media":40006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,38,4014,39],"tags":[],"class_list":["post-40005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nClarion Obtains $94M Refi for Boston Property | CommercialCafe<\/title>\n<meta name=\"description\" content=\"Clarion Partners\u00a0has secured a $94 million loan to refinance\u00a0Linx, a life sciences property 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