{"id":1004126050,"date":"2015-08-25T07:04:23","date_gmt":"2015-08-25T15:04:23","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358999"},"modified":"2021-05-10T03:00:45","modified_gmt":"2021-05-10T11:00:45","slug":"jll-secures-31m-in-financing-for-archer-donahue-buildings","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-secures-31m-in-financing-for-archer-donahue-buildings\/","title":{"rendered":"JLL Secures $31M in Financing for Archer & Donahue Buildings"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Investment management firm JLL<\/a> secured $31.3 million in acquisition and pre-development financing after closing the sale<\/a> of the Archer and Donahue buildings. JDMD Owners purchased the two properties located in Boston\u2019s Beacon Hill neighborhood, which formerly served as Suffolk Law School<\/a>, for $43.5 million.<\/p>\n

\"Archer<\/a><\/p>\n

Archer Building<\/p>\n<\/div>\n

The two buildings located at the corner of Derne and Temple Streets on Beacon Hill reach over 174,000 square feet and are closely situated nearby Boston\u2019s key public transit nodes, the downtown business district, the state house, and the Boston Common.<\/p>\n

\u201cThe Archer and Donahue buildings are two well-recognized, landmark assets in one of Boston\u2019s top neighborhoods,\u201d mentioned manager director of JLL, Frank Petz, in prepared remarks. \u201cThe market\u2019s fundamentals are primed for residential development, given the very limited supply pipeline in the face of surging demand for urban living in Boston.\u201d<\/p>\n

Suffolk University<\/a> will remain a tenant of both Archer and Donahue buildings. The sale prepares Suffolk University for an upcoming move to its new academic home at 20 Somerset Street.<\/p>\n

Frank Petz and Jessica Hughes, JLL\u2019s managing directors, along with Michael Coyne and Travis D\u2019Amato, senior vice presidents, led the team on the sales transaction. Financing efforts were led by managing directors Dustin Stolly and Arron Appel and senior vice presidents Heather Brown and John Schneider.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investment management firm JLL closed the sale of the Archer and Donahue buildings and secured $31.3 million in acquisition and pre-development financing.<\/p>\n","protected":false},"author":735,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21742],"tags":[],"class_list":["post-1004126050","post","type-post","status-publish","format-standard","hentry","category-boston","category-latest"],"acf":[],"yoast_head":"\nJLL Secures $31M in Financing for Archer & Donahue Buildings - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-secures-31m-in-financing-for-archer-donahue-buildings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Secures $31M in Financing for Archer & Donahue Buildings\" \/>\n<meta property=\"og:description\" content=\"Investment management firm JLL closed the sale of the Archer and Donahue buildings and secured $31.3 million in acquisition and pre-development financing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-secures-31m-in-financing-for-archer-donahue-buildings\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-25T15:04:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T11:00:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Archer-Building.jpg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-secures-31m-in-financing-for-archer-donahue-buildings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-secures-31m-in-financing-for-archer-donahue-buildings\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"JLL Secures $31M in Financing for Archer & Donahue Buildings\",\"datePublished\":\"2015-08-25T15:04:23+00:00\",\"dateModified\":\"2021-05-10T11:00:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-secures-31m-in-financing-for-archer-donahue-buildings\\\/\"},\"wordCount\":231,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-secures-31m-in-financing-for-archer-donahue-buildings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Archer-Building.jpg\",\"articleSection\":[\"Boston\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-secures-31m-in-financing-for-archer-donahue-buildings\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-secures-31m-in-financing-for-archer-donahue-buildings\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-secures-31m-in-financing-for-archer-donahue-buildings\\\/\",\"name\":\"JLL Secures $31M in Financing for Archer & Donahue Buildings - 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