JLL's Capital Markets group announced that it has arranged a $650 million refinancing for One Congress, a recently delivered, trophy office building totaling 1,008,000 square feet in Boston, Massachusetts. JLL worked on behalf of the borrowers, Carr Properties ("Carr") and National Real Estate Advisors ("National"), to arrange the SASB (single-asset, single-borrower) loan led by Wells Fargo and Bank of America. Completed in 2023 and designed by the world-renowned architecture firm Pelli Clarke & Partners, One Congress has become an iconic fixture in the Boston skyline.
The 43-story tower offers more than one million square feet of sustainable, energy-efficient office space with column-free floor plans and irreplaceable views of the Charles River, downtown Boston and Boston Harbor. The property also boasts a best-in-class amenity package featuring a full-floor amenity center with food and beverage service, 15,000 square feet of rooftop terrace space, a 7,000-square-foot fitness center and a triple-height lobby with coffee bar and seating. The trophy tower sits within the Bulfinch Crossing redevelopment, which was the former site of the Government Center Garage.
The 4.8-acre development serves as a connection between Boston'sFinancial District, West End, North End and Beacon Hill neighborhoods. One Congress has direct access to the MBTA's Orange and Green lines and is walkable to both North Station and South Station, offering commuter rail access to the Greater Boston area. Additionally, the property is convenient to Interstate 93, the Massachusetts Turnpike and Logan International Airport.
