828 Winter Street
Update
06/06/17
$135 million financing arranged for 330,000-square-foot Waltham life science office development
King Street Properties has acquired nearly $135 million in financing for 828 and 830 Winter Street, an approximately 330,000-square-foot Waltham life science office development located just off of Route 128 that, upon full completion, will be the greater Boston area's largest multi-tenant lab campus outside of Cambridge. The funds will be used to refinance 830 Winter Street, an existing 185,000-square-foot, 100%-leased building, and construct 828 Winter Street, a 144,910-square-foot speculative building scheduled for completion in July 2018.
Holliday Fenoglio Fowler, L.P. (HFF) arranged financing for 828 and 830 Winter Street through Blackstone Mortgage Trust; the exact amount of financing is $134,767,500. “King Street saw an opportunity to capitalize on the tight suburban lab market and expand their existing Waltham property to meet the growing demand,” said HFF Managing Director Greg LaBine in a prepared statement. “Blackstone shared [King Street's] vision and provided a creative and flexible solution for lab construction financing.”