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home / news releases / JLL - Jones Lang LaSalle arranges financing for 10 World Trade project in Boston's Seaport

JLL - Jones Lang LaSalle arranges financing for 10 World Trade project in Boston's Seaport

Jones Lang LaSalle Incorporated
Jones Lang LaSalle's (JLL +1.4%) Capital Markets arranged $543M in financing for the $596.6M 10 World Trade project, a speculative development that will offer life sciences, office and retail space in Boston's Seaport District. JLL worked on behalf of the borrower/developer team, led by Boston Global Investors, to secure a $382.5M construction loan through a life insurance company lender. It also arranged ~$160M in JV equity from PGIM Real Estate and Wheelock Street Capital for the development. 10 World Trade commenced sitework in 1Q22 and is expected to be delivered in 4Q24.

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Jones Lang LaSalle arranges financing for 10 World Trade project in Boston's Seaport
Stock Information
Company Name: Jones Lang LaSalle Incorporated
Stock Symbol: JLL
Market: NYSE
Website: jll.com
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