JLL Capital Markets has successfully secured a $94 million refinancing deal for LINX, an impressive 185,015-square-foot Class A life sciences building in Watertown, MA. The financing was obtained through Société Générale by a JLL team led by Riaz Cassum, Amy Lousararian and Robyn King on behalf of Clarion Partners.
According to Cassum, despite the recent slowdown in the life sciences market, Watertown’s East End – where LINX is located – remains a prominent hub for this industry. This is evidenced by ongoing investments and redevelopments from major institutional investors in the immediate vicinity.
Completed just three years ago at 490 Arsenal Way in Watertown, LINX boasts full occupancy with three tenants: C4 Therapeutics , Addgene , and Tectonic Therapeutic . Its prime location also puts it near Arsenal Yards – a mixed-use lifestyle redevelopment of the former Arsenal Mall – as well as adjacent to Target-anchored Watertown Mall. This successful refinancing deal further solidifies Clarion’s position as one of Connect CRE’s top performers.
