JLL arranges $650 Million refinancing for One Congress on behalf of Carr Properties and National Real Estate Advisors
United States, May 20 -- JLL's Capital Markets group announced that it has arranged a $650 million refinancing for One Congress, a recently delivered, trophy office building totaling 1,008,000 square feet in Boston, Massachusetts.JLL worked on behalf of the borrowers, Carr Properties ("Carr") and National Real Estate Advisors ("National"), to arrange the SASB (single-asset, single-borrower) loan led by Wells Fargo and Bank of America.Completed in 2023 and designed by the world-renowned architecture firm Pelli Clarke & Partners, One Congress has become an iconic fixture in the Boston skyline. The 43-story tower offers more than one million square feet of sustainable, energy-efficient office space with column-free floor plans and irreplaceabl...
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