Clarion Partners is paying $94 million to refinance Linx, a 185,000-square-foot Class A life sciences facility that opened six years ago in Watertown, Massachusetts, a suburb of about 35,000 people eight miles west of downtown Boston. secured a loan of $.
The five-year financing, valued at $94 million, was provided by Société Générale under the direction of Managing Director Tim Hallock, with JLL Capital consisting of Rias Kassum, Amy Rusalarian and Robin King. – Markets’ debt advisory team played a key role in arranging the loan. Financing for this transaction.
“Despite recent softening in the life sciences market, Watertown’s East End, where LINX is located, remains an important life sciences cluster,” Kassam said. “With continued investment and redevelopment in the immediate vicinity from several major institutional investors, this submarket is proving to have a presence on the national life sciences stage. Masu.”
Located within Watertown’s East End Life Sciences Cluster, 490 Arsenal Way (also known as The Lynx) is a two-story glass building with a variety of modern amenities. These include a 33-foot-tall lobby, 78 bicycle storage spaces, locker rooms with showers, on-site parking, electric vehicle charging stations, and shuttle service to Harvard Square. There is also a bocce ball court.
The property’s strategic location provides convenient access to downtown Boston, Logan Airport, and surrounding suburbs via the Massachusetts Turnpike/I-90. The Lynx is located near Arsenal Yards, a mixed-use redevelopment project, and adjacent to Watertown Mall.
Since opening in 2018, Linx has remained fully leased. Clarion Partners acquired the property in 2019, and the building continues to house three tenants: C4 Therapeutics, Addgene, and Tectonic Therapeutic.
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Last updated: October 2, 2024
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About the author / Diana Sabau
Diana has spent many years passionately researching the U.S. commercial real estate market at Yardi Matrix, and now uses that experience to write for several Yardi blogs. She covers CRE investments, job market trends, and technology. Her work has been featured in The New York Times, Globecent, The Real Deal, NAIOP, MSN, and Bisnow.
