Bank OZK Supplies $246M Construction Loan for 808 Windsor Street at Boynton Yards
808 Windsor Street, the second building at Boynton Yards, has secured $246M in construction financing from Bank OZK. Brokered by JLL, this financing will allow the joint venture of Leggat McCall Properties, DLJ Real Estate Capital Partners, and Deutsche Finance America to begin construction on the planned 11-story, 353,000 SF life sciences building in Somerville.
In the announcement of the deal, JLL Capital Markets Director Henry Schaffer said, “On the heels of the success of 101 South, 808 Windsor is poised to be the bellwether asset of Boynton Yards with its sharp façade and seamless integration into the landscape. We’re thankful to be able to work alongside such a talented development team to secure a capitalization structure that meets their objectives and expands their relationship with a prolific lender in Bank OZK.”
You can read more about 808 Windsor on the JLL website and in the Commercial Observer.BACK TO NEWS