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Developers Refinance North Station Property

Dec 19, 2019 | Reprints | Unlock Link | Print

Developers H.N. Gorin and Artemis Real Estate Partners have refinanced a 159,273-square-foot office building near Boston’s North Station.

French investment bank Societe Generale furnished a $64.6 million floating rate loan for 101 Merrimac St. in its first transaction in Greater Boston.

The 10-story building is 97 percent leased to eight tenants including Massachusetts General Hospital, Partners HealthCare and Massachusetts General Physicians Organization. Last renovated in 2009 and contains a 6-story atrium, multiple roof decks and a 55-space garage.

JLL’s Greg LaBine and Porter Terry represented the borrower.

B&T Daily