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Boston & New England  + Metro Boston  + Retail  |  June 2, 2023
Emily Fu
By: Emily Fu

Western Boston Lifestyle Center Secures $190M in Financing 

Legacy Place has secured a $190 million first mortgage refinancing for a 675,000-square-foot retail center in Dedham, Massachusetts. Wells Fargo and Truist led the financing as part of a two-bank syndicate.  

Legacy Place, developed by WS Development and Nuveen Real Estate, is a lifestyle center anchored by brands such as Whole Foods, Apple, L.L. Bean, and Showcase Cinemas. The property underwent renovations in 2020 and 2022 and boasts a tenant mix featuring retailers like Nike, Athleta, and Sephora. 

JLL’s retail capital markets debt advisory team facilitated the refinancing with a team led by Brett Paulsrud, Henry Schaffer, and Hugh Doherty. 

Read More News Stories About: JLL
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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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