December 19, 2019
JLL has secured a $64.6 million loan to refinance 101 Merrimac Street, a 10-story office building totaling 159,273 square feet in Boston’s North Station neighborhood.
Greg LaBine and Porter Terry of JLL represented the borrower, a partnership between H.N. Gorin and Artemis Real Estate Partners, in securing a floating-rate loan through lender Societe Generale.
The property, which was renovated in 2009, is nearby the Financial District, West End, North End and Beacon Hill, as well as the soon-to-be-delivered Hub on Causeway and Bulfinch Crossing developments. Features of the building include a six-story atrium with a central water fountain, multiple roof decks, efficient floor plans, a 55-space parking garage and an Au Bon Pain Café Bakery. The property is currently 97% leased to a tenant roster that includes MGH, Partners Healthcare and Massachusetts General Physicians Organization.
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