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Longfellow Real Estate Partners Receives $51M in Financing for Biotech Building in Massachusetts

1030-Massachusetts-Ave-Cambridge-MA

Located at 1030 Massachusetts Ave. in Cambridge, Mass., the 77,805-square-foot building is fully leased to seven tenants.

CAMBRIDGE, MASS. — An affiliate of Longfellow Real Estate Partners has received $51 million in recapitalization financing for a laboratory/biotechnology building located at 1030 Massachusetts Ave. in Cambridge. Greg LaBine of HFF placed the five-year, fixed-rate loan with Capital One Healthcare for the borrower. The 77,805-square-foot property is fully leased to seven tenants: five biotech tenants, an indoor cycling studio and a restaurant, which is slated to open in early this summer.

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