Burlington Lab Conversion Gets $87M in Financing
The new owners of a Burlington office building received $87 million to convert the property into 175,000 square feet of life science space.
The new owners of a Burlington office building received $87 million to convert the property into 175,000 square feet of life science space.
The first new life sciences building in Somerville’s Brickbottom neighborhood is poised to get underway after receiving received $192.5 million in financing.
A $63.9 million loan from CIT Group Inc. and Square Mile Capital Management is financing development of downtown Lynn’s largest project in decades.
Procopio Cos.’ 10-story, 259-unit market-rate project under construction in downtown Lynn is aimed partly at workers in new developments near Boston’s North Station. The 17-minute train ride to Boston and friendly zoning in downtown Lynn make some bullish on the city’s prospects.