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One65 Main in Kendall Square secures $522M loan from BNP Paribas

The 25-story, 300-unit tower, known as One65 Main and managed by Willow Bridge Property Co., opened about four years ago in Kendall Square.

Reported · Written up by our desk · Commercial

One65 Main, a 25-story residential tower in Boston's Kendall Square with 300 apartments, secured a $522 million loan from BNP Paribas, according to an Oct. 2 mortgage record cited by Bisnow.

The borrower was Willow Bridge Property Co., which manages the property and holds a ground lease for the site with the Massachusetts Institute of Technology, Banker & Tradesman previously reported, the article says.

Bisnow also notes that MIT Investment Management Co. approved the project in 2019 and completed it in 2022 as part of the Kendall Square Initiative, which included six buildings on Main Street and Broadway.

In additional items from the Boston Deal Sheet, Bisnow says Monarch Capital Partners acquired a 115,000-square-foot research and development and flex building in Westborough for almost $11 million, marking the firm's first acquisition, and that the deal closed through a joint venture with Locksp.

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