JLL's Capital Markets group announced on May 19, 2025, that it arranged a $650 million refinancing for One Congress, a 1,008,000 square-foot trophy office building in Boston, Massachusetts. JLL worked on behalf of the borrowers, Carr Properties and National Real Estate Advisors, to arrange the SASB loan.
The financing was led by Wells Fargo and Bank of America for One Congress, which was completed in 2023 and stands as an iconic 43-story tower in the Boston skyline. The building achieved 100% pre-leasing 12 months ahead of its completion, underscoring its desirability.
One Congress boasts a best-in-class amenity package and direct access to public transit, making it a premier property in Boston's Bulfinch Crossing redevelopment. This significant refinancing highlights JLL's capabilities in securing capital solutions for top-tier office assets, even in a challenging market environment.
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