Somerville Lab Tower Recapitalized for $478M
Developers of the first major life science building in Somerville’s Boynton Yards have recapitalized the property in a $478-million deal with a San Francisco investor joining the ownership.
Developers of the first major life science building in Somerville’s Boynton Yards have recapitalized the property in a $478-million deal with a San Francisco investor joining the ownership.
Leggat McCall Properties is proposing a 330,000-square-foot office-lab tower in Somerville as the next phase of its Boynton Yards master-planned development.
Leggat McCall Properties and DLJ Real Estate Partners are expanding their real estate footprint in Somerville’s Boynton Yards again with the $60 million acquisition of a pair of parcels including Riverside Properties’ 561 Windsor St. which is the home to Taza Chocolate and tech startups.