PUBLICATION: COMMERCIAL OBSERVER
The two buildings at 350 Water Street and 450 Water Street are just a portion of the larger, master-planned Cambridge Crossing life sciences mixed-use development in Boston.
A collection of four lenders have come together to originate a $1.23 billion loan to refinance developer DivcoWest’s 350 Water Street and 450 Water Street, two newly built life sciences and office buildings located adjacent to each other in Cambridge, Mass.
Deutsche Bank, Bank of America, JPMorgan Chase and 3650 REIT teamed up on the 15-year commercial mortgage-backed securities (CMBS) loan, according to data from Fitch Ratings, which analyzed the transaction. The deal is in line to close on Nov. 9… READ MORE.