Nutter Represents Owner / Developer in $140 Million Financing for Life Sciences Development in Boynton Yards, SomervillePrint PDF
Nutter served as legal advisor to a joint venture managed by Leggat McCall Properties and DLJ Real Estate Capital Partners in connection with its $140 million financing of 101 South Street, a state-of-the-art office and lab development in Somerville’s Boynton Yards. The legal team was led by Beth Mitchell and Marianne Ajemian.
Currently under construction, the 289,000-square-foot, Class A office and lab development will include nine stories of life sciences space and approximately 13,500 square feet of ground floor retail. It is scheduled to open simultaneously with the planned 2021 launch of the new MBTA Green Line station at Union Square.
Nutter’s Commercial and Real Estate Finance practice group has been selected by owners, investors, developers, lenders, and borrowers to handle thousands of transactions involving projects in 46 states and abroad. These clients participate in some of the region’s largest and more sophisticated development projects and borrow from the full range of public and private institutional lenders. Nutter attorneys are also counsel to more than half of the top 10 commercial banks in the United States, as well as many of the region’s most reputable community and regional banks, insurance companies, pension funds, private equity investors, and non-traditional financing sources. The firm has represented clients in financings worth more than $11 billion in the last decade.
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, early stage entrepreneurs, institutions, foundations, and families, across the country and around the world. The firm’s business and finance, intellectual property, litigation, real estate and land use, labor and employment, tax, and trusts and estates practices are national in scope. The firm was co-founded in 1879 by former U.S. Supreme Court Justice Louis D. Brandeis, before his appointment to the Court. For more information, please visit www.nutter.com and follow the firm on LinkedIn.