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Fortis Property Group has closed $1 billion-plus refinancing of the One Lincoln office tower in Boston, MA.

Fortis Property Group Closes $1B Refi, Secures New Anchor for One Lincoln in Boston

Fortis Property Group has closed $1 billion-plus refinancing of One Lincoln, a one million-square-foot Class A office tower in the Financial District of Boston, MA. The refinancing proceeds will be used to repay existing debt and provide more than $200 million in capital upgrades geared toward wellness and lifestyle amenities, as well as future leasing costs.

In addition to the loan closing, Fortis has signed an office lease with HarbourVest Partners that establishes it as the building’s new anchor tenant and namesake. The Boston-based private equity firm has signed a long-term lease for over 250,000 square feet of office space spread across 11 floors in the building.

The 2003-constructed tower will be undergoing a complete renovation of the lobby, food services and amenity center. Reconfigured floorplates will be complemented by an artisanal market, biergarten, and al fresco seating and dining spaces. Health and wellness spaces include a rooftop tennis and basketball courts, boxing ring, fitness center, and 1/8-mile outdoor walking trail. The building will also feature flexible spaces with stadium seating that can be used for exhibitions, speaking events or private gatherings.

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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 she makes the transition from an utterly failed racehorse to a lovely show hunter.

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