background-9-90 Corporate Center | Properties

9-90 Corporate Center

9-90 Corporate center front view

9-90 Corporate Center a mortgage which will provide financing for the acquisition and renovation a four-building office/lab campus located in Boston, MA.

The life science property is located 25 miles west of Boston at the intersection of Route 9 and U.S. Interstate 90 in Framingham, Massachusetts.

The Property is currently 81% leased to a tenant roster anchored by life science and technology users, many of which operate their headquarters or other flagship facilities on site.

The mortgage will be a structured financing execution in which the Fund originates a whole loan and then sells the A-Note, retaining the higher yielding B-Note.

The Sponsor’s planned buildout will feature 60% lab / 40% office with both biotechnology and chemical functionality. This buildout will be ideal to attract the type of biotech firms inthe 30-60k SF size range that are currently seeking space in the submarket.
Richard Kimble, Portfolio Manager

Global city:

Sego Lily, GCREIT holding
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These properties represent select holdings at the time of publication and are not meant to represent the entire portfolio. The opinions expressed are reflective of the manager's views at the time of acquisition.