Boston-based programmer Boylston Feature, along with joint endeavor companion J.P. Morgan Possession Monitoring, have introduced that building and construction has actually commenced on 100 Forge, a nine-story, 165,000-square-foot laboratory structure at Toolbox Yards in Watertown.
Construction started in January and also a $100.1 million building finance for the project from Bank OZK was organized by Fred Wittmann, Brett Paulsrud and also Henry Schaffer of JLL Resources Markets. Cushman as well as Wakefield has been tapped to rent the property. The project lies beside the Toolbox Yards mixed-use project, which is being established by Boylston Feature, The Wilder Companies and also J.P. Morgan.
“While usually speaking there have been some headwinds in the funding markets during the pandemic, there has been no absence of resources available for lab as well as life science residential properties,” claimed JLL’s Brett Paulsrud. “100 Forge is a best-in-class possession located in among the top life sciences nodes in the nation. This combined with the strength of the sponsorship and item kind, produced a significant quantity of lender passion for this possibility.”
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