realestate

Boston Area Developer Secures Funding for 198,000-SF Manufacturing Facility

JLL Capital Markets Arranges Financing for 198,336-SF Hopkinton Facility

J
LL Capital Markets has secured financing for 68-78 Elm Street, a 198,336-square-foot advanced manufacturing and research facility in Hopkinton, Massachusetts. The two-building property is fully leased to Revvity, a leading life sciences company, on a long-term basis.

    Located near downtown Boston, the site offers excellent highway access via I-495 and proximity to I-90. It's situated within an area home to over 100 life science and technology companies, providing Revvity with access to a skilled workforce and key customers.

    The JLL Debt Advisory team led by Andrew Gray, Ryan Parker, and Brooke Howard arranged the senior loan through a commercial bank on behalf of borrower Northbridge Partners. "This financing highlights the advanced manufacturing sector's resilience in Greater Boston," said Gray. "The property's long-term tenancy with Revvity and its strategic location along the I-90 'Innovation Corridor' made this an attractive opportunity."

Boston area developer secures funding for 198,000 SF manufacturing facility construction.