Carr Properties and National Real Estate Advisors have secured $650 million in refinancing for One Congress, a recently delivered, trophy office building totaling 1.01 million square feet in Boston.
JLL worked on behalf of the borrowers 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 1 million square feet of sustainable, energy-efficient office space with column-free floorplans and irreplaceable views of the Charles River, downtown Boston and Boston Harbor. The property also boasts a best-in-class amenity package featuring a full-floor amenity center with food and beverage service, 15,000 square feet of rooftop terrace space, a 7,000-square-foot fitness center, and a triple-height lobby with coffee bar and seating.
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