JLL secures financing for acquisition of $66 million, 530,000 SF office campus

0
214

BOSTON– JLL Capital Markets announced that it has arranged debt and equity financing for The Campus at Marlborough, a premier, four-building office campus totaling 531,916 square feet in Marlborough, MA.

Greatland Realty Partners and Breed’s Hill Capital engaged JLL to advise them on their joint venture partnership and to secure the seven-year, fixed-rate acquisition loan through Brookline Bank.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Lauren O’Neil and Directors Andrew Gray and Henry Schaffer.

“Greatland and Breed’s Hill were determined in their efforts to get this deal over the goal line, despite the challenges presented by the COVID public health crisis” said O’Neil. “All parties involved were dedicated to the successful outcome and it is that kind of teamwork and perseverance that gets transactions done in a market like this.”

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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.