Boylston Properties and J.P. Morgan Announce Joint Venture to Build 100 Forge, a 165,600-Square-Foot Life Science Building in Arsenal Yards, Watertown
Construction of 100 Forge commenced this month, January 2021
Watertown, MA – Thursday, January 28, 2021 – Boylston Properties, a Boston-based developer of mixed-use destinations, and institutional investors advised by J.P. Morgan Asset Management, today announced a joint venture agreement to proceed with plans to construct 100 Forge, a nine-story 165,600-square-foot lab building at Arsenal Yards in Watertown.
As Boylston Properties and J.P. Morgan announce their second JV at this property,100 Forge is being revealed as the first purpose-built lab building in Watertown. With a focus on signature design, the 130-foot-tall landmark building will afford tenants with great views of the Charles River to the south and the Boston skyline to the east.
Construction began this month, January 2021, and a $100.1 million construction loan for the project from Bank OZK was arranged by JLL Capital Market’s Fred Wittmann, Brett Paulsrud and Henry Schaffer. Erland Construction is the contractor of record. Cushman and Wakefield, the region’s leading broker for premier life science real estate, is leading the process of finding the most innovative tenants to call 100 Forge home.