Bisnow: BGI Lands New Partners, $543M In Financing For Spec Lab Building

Boston Global Investors has begun work on a speculative mixed-use project in the Seaport after closing more than $500M in debt and equity financing. 

The developer secured a $382.5M construction loan from an undisclosed life insurance company and $160M in joint venture equity from PGIM Real Estate and Wheelock Street Capital for 10 World Trade Center, JLL, which brokered the deals, announced Tuesday. The project is expected to cost $596.6M.