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Boston & New England  + Metro Boston  + Finance  | 
One Cabot office building in Medford, MA

CIM Group Provides $148M Loan for 300K-SF Medford Office Building

A CIM Group-managed fund has closed a $147.7 million loan to The Davis Companies and Partners Group for One Cabot, a 318,993-square-foot office in Medford, MA, a growing life science corridor.

Loan proceeds will be used to finance the recapitalization and partial conversion of the building from all-office use to an office/R&D/life science facility.

The four-story building on Cabot Road currently comprises 279,185 square feet of office space and 39,808 square feet of data center space. Since its acquisition in 2014, Davis has undertaken a comprehensive capital improvement program of One Cabot’s common areas and amenities.

The property sits directly off Route 16 and nearby Interstate 93 and with direct public transportation access to the MBTA Orange Line subway for connectivity to downtown Boston, Cambridge, the surrounding suburbs and Boston Logan International Airport. One Cabot is minutes from retail amenities such as Assembly Row in Somerville and Station Landing.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Financing