JLL arranges $650M refinancing for One Congress on behalf of Carr Properties and National Real Estate Advisors

Core Insights - One Congress, a new trophy office asset in Boston, has achieved 100% pre-leasing 12 months prior to its completion, indicating strong demand for premium office space in the area [1][3] Financing Details - JLL's Capital Markets group arranged a $650 million refinancing for One Congress, a single-asset, single-borrower loan led by Wells Fargo and Bank of America [1][2] Property Features - One Congress is a 43-story building with a total area of 1,008,000 square feet, designed by Pelli Clarke & Partners, featuring sustainable and energy-efficient office space with column-free floor plans and views of the Charles River and downtown Boston [3][4] - The building includes a full-floor amenity center, 15,000 square feet of rooftop terrace space, a 7,000-square-foot fitness center, and a triple-height lobby with a coffee bar [3] Location and Accessibility - Situated within the Bulfinch Crossing redevelopment, One Congress connects Boston's Financial District, West End, North End, and Beacon Hill neighborhoods, with direct access to public transportation and major highways [4] Company Background - Carr Properties is a privately held real estate investment trust with a portfolio of 11 commercial office properties totaling approximately 4 million square feet, along with future multi-family development sites [8] - National Real Estate Advisors focuses on developing and managing commercial real estate projects across the U.S., with a diverse investment portfolio [9][10] JLL Overview - JLL is a leading global commercial real estate and investment management company with annual revenue of $23.4 billion, operating in over 80 countries and employing more than 112,000 people [11]