BOSTON– JLL Capital Markets announced that it has arranged $44.03 million in financing for 20 Guest Street, a 228,912-square-foot creative office building located adjacent to the Boston Landing neighborhood in Boston.
JLL worked on behalf of a partnership between Griffith Properties, LLC and Artemis Real Estate Partners to secure the five-year, floating-rate acquisition loan with MetLife Investment Management.
20 Guest Street is located adjacent to Boston Landing, one of the city’s newest and most dynamic neighborhoods that is considered by many to also be Boston’s premier wellness hub. Highlights of the neighborhood include the new Boston Bruins practice facility and Warrior Ice Arena, The Auerbach Center, the Boston Celtics practice facility and the soon-to-be home of The Track at New Balance, a world-class indoor hydraulic track, field and entertainment venue.
20 Guest Street boasts a transit-oriented location adjacent to the Massachusetts Turnpike as well as the MBTA Boston Landing station providing convenient access to the affluent western suburbs as well as Fenway, Back Bay and Downtown. Completed in 2000 and designed by ADD, Inc., the state-of-the-art creative office building features expansive views through its generous window line, column-free floorplates with exposed ceilings and flexible tenant areas. 20 Guest Street is fully leased to seven tenants, including Harvard Business School of Publishing.
The JLL Capital Markets team representing the borrower included Senior Managing Director Lauren O’Neil and Senior Director Martha Nay.