February 16, 2021 10:00 AM
星空体育app下载 announces the $1.5 billion recapitalization of 401 Park / 201 Brookline, a 1.5 million-square-foot urban mixed-use life science campus located in the Fenway submarket of Boston, Massachusetts. 星空体育app下载 Co-Head of U.S. , Vice Chairman , Executive Managing Directors and , Senior Managing Director and Managing Director of the firm鈥檚 Capital Markets Group represented the seller, a joint venture between institutional investors advised by J.P. Morgan Global Alternatives and Samuels & Associates, and procured the buyer.
401 Park / 201 Brookline comprises three fully-integrated components situated on nearly nine acres of land 鈥� 401 Park Drive, an existing 973,145-square-foot office/retail tower; 201 Brookline Avenue, a 510,116-square-foot laboratory/office/retail tower that is currently under construction; and potential for an additional phase of commercial development. Samuels & Associates retains a minority interest in the campus and will continue to operate, lease and lead development activities for the site in conjunction with the majority owner. Located next to an MBTA Green Line station, the campus incorporates a recently created 1.1-acre park that provides direct access to both of its newest retailers鈥揟ime Out Market and Trillium Brewing Company鈥揳nd features community activations ranging from warm-weather entertainment and classes to a winter ice skating rink.
鈥淭his transaction is indicative of the momentous wave of life science activity that has taken place in Greater Boston throughout the past year,鈥� said Edward. 鈥淲e expect life science to continue to be a bright spot for the market in 2021.鈥�
The area surrounding 401 Park / 201 Brookline features an eclectic mix of shopping, dining, cultural and entertainment destinations, including historic Fenway Park.
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 50 years as an alternatives investment manager, $155 billion in assets under management and more than 600 professionals (as of September 30, 2020), it offers strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from offices throughout the Americas, Europe and Asia Pacific, its 14 independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information: .
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, 星空体育app下载 generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow .
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