J
LL Capital Markets has arranged a $94 million refinancing for LINX, a 185,015-square-foot Class A life sciences building in Watertown, Massachusetts. The five-year loan was secured through Société Générale, led by Tim Hallock, Managing Director.
Completed in 2018, LINX is fully leased to three tenants: C4 Therapeutics, Addgene, and Tectonic Therapeutic. Amenities include a grab-and-go café, indoor bike storage, locker rooms with showers, green space, a bocce court, and shuttle service to Harvard Square. The property features a two-story parking garage with 12 electric car charging stations.
LINX is situated at 490 Arsenal Way in Watertown's East End life sciences cluster, near the mixed-use development of Arsenal Yards and adjacent to the Target-anchored Watertown Mall. It offers easy access to downtown Boston, Logan Airport, and surrounding suburbs via the Massachusetts Turnpike/Interstate 90.
JLL Capital Markets' Debt Advisory team, led by Riaz Cassum, Amy Lousararian, and Robyn King, represented the borrower, Clarion Partners. "Watertown's East End remains a key life sciences cluster," said Cassum. "Ongoing investment in the area validates its presence on the national stage."
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