20 Guest Street in Boston Landing receives $44.03M loan
JLL Capital Markets leads the financing efforts for the creative office building
BOSTON, November 2, 2020 – JLL Capital Markets announced today that it has arranged $44.03 million in financing for 20 Guest Street, a 228,912-square-foot creative office building located adjacent to the Boston Landing neighborhood in Boston, Massachusetts.
JLL worked on behalf of a partnership between Griffith Properties, LLC and Artemis Real Estate Partners to secure the five-year, floating-rate acquisition loan with MetLife Investment Management.
20 Guest Street is located adjacent to Boston Landing, one of the city’s newest and most dynamic neighborhoods that is considered by many to also be Boston’s premier wellness hub. Highlights of the neighborhood include the new Boston Bruins practice facility and Warrior Ice Arena, The Auerbach Center, the Boston Celtics practice facility and the soon-to-be home of The Track at New Balance, a world-class indoor hydraulic track, field and entertainment venue. 20 Guest Street boasts a transit-oriented location adjacent to the Massachusetts Turnpike as well as the MBTA Boston Landing station providing convenient access to the affluent western suburbs as well as Fenway, Back Bay and Downtown. Completed in 2000 and designed by ADD, Inc., the state-of-the-art creative office building features expansive views through its generous window line, column-free floorplates with exposed ceilings and flexible tenant areas. 20 Guest Street is fully leased to seven tenants, including Harvard Business School of Publishing.
The JLL Capital Markets team representing the borrower included Senior Managing Director Lauren O’Neil and Senior Director Martha Nay.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Griffith Properties, LLC
Griffith Properties, LLC is a woman-owned real estate investment firm that employs extensive operating and investing experience to provide investors an attractive risk-adjusted return. The company invests in core-plus and value-added office, industrial, R&D, and life science assets located in the Boston to Washington, D.C. corridor. For more information, please visit: griffithproperties.com.
About Artemis Real Estate Partners
Artemis Real Estate Partners is an investment manager based in metropolitan Washington, DC, with offices in New York City, Los Angeles and Atlanta. Artemis has raised over $4.6 billion of institutional capital across core, core plus, value-add and opportunistic strategies. The firm makes equity and debt investments in real estate across the United States, with a focus on multifamily, office, industrial, retail, hospitality, senior housing and medical office. Artemis is a diverse firm and invests both directly and via joint ventures with established, emerging and diverse operating partners. More information can be found at artemisrep.com.