Clarion Partners secures $94m refinancing for Boston-area life sciences asset

Clarion Partners has secured $94 million in refinancing for LINX, a 185,015-square-foot class A life sciences building in Watertown, Mass.

JLL worked on behalf of the borrower to secure the five-year loan through Société Générale.

Completed in 2018, LINX is a two-story property that is fully leased to three tenants, C4 Therapeutics, Addgene and Tectonic Therapeutic. On-site amenities include a grab-and-go café, indoor bike storage for 78 bicycles, a 24/7 locker room with showers, an acre of green space, a bocce court and shuttle service to Harvard Square. The property is positioned within a 10-acre campus and is surrounded by walking and biking paths. In addition, the property features a two-story, 195-space parking garage with 12 electric car charging stations.

LINX is located at 490 Arsenal Way in Watertown’s East End life sciences cluster. The property is near Arsenal Yards, a mixed-use lifestyle redevelopment of the former Arsenal Mall, and is adjacen