{"id":1004173708,"date":"2017-04-21T02:23:01","date_gmt":"2017-04-21T10:23:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004173708"},"modified":"2022-12-08T17:06:23","modified_gmt":"2022-12-09T01:06:23","slug":"tcg-lines-up-financing-for-celtics-practice-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/","title":{"rendered":"TCG Lines Up Financing for Celtics\u2019 Practice Facility"},"content":{"rendered":"<p><em>By Gail Kalinoski<\/em><\/p>\n<p>A month after helping arrange financing for the Boston Bruins\u2019 new training facility at Boston Landing, Transwestern Consulting Group made a similar play for the city\u2019s basketball team, securing a construction and permanent financing loan from East Boston Savings Bank for the Celtics\u2019 new practice site, also to be located at the new mixed-use development in Brighton, Mass.<\/p>\n<div id=\"attachment_1004173715\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004173715\" data-attachment-id=\"1004173715\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/boston-landing-at-40-guest-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1461925245&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Boston Landing at 40 Guest St.\" data-image-description=\"&lt;p&gt;Boston Landing at 40 Guest St.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Boston Landing at 40 Guest St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg?w=800\" class=\"wp-image-1004173715 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg\" alt=\"Boston Landing at 40 Guest St.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004173715\" class=\"wp-caption-text\">Boston Landing at 40 Guest St.<\/p><\/div>\n<p>TCG arranged the financing for the planned 160,000-square-foot building at 40 Guest St. that will include a 71,000-square-foot training and basketball practice facility on behalf of NB Development Group. TCG Partner Chris Skeffington and Vice President Andrew Stone worked with NB Development Group Managing Director Jim Halliday and New Balance Treasurer Kevin Doyle to secure the loan from East Boston Savings Bank, led by bank Vice President Ed Rich.<\/p>\n<p>The state-of-the art building, which broke ground in November at the Boston Landing site, will be called the Auerbach Center at New Balance World Headquarters in honor of the Celtics legend Red Auerbach who was a coach and team executive. It will also feature two floors of Class A laboratory and office space totaling about 83,500 square feet and 5,700 square feet of retail space. The project is expected to be completed by mid-2018.<\/p>\n<p><em>\u201cNB Development Group has redefined the term \u2018mixed-use\u2019 with Boston Landing. The development includes lab and office space, retail, residential and hotel, as well as state-of-the-art sports training facilities,\u201d <\/em>Skeffington said in a prepared statement. <em>\u201cThere\u2019s no other development like it in Greater Boston. East Boston Savings Bank has a deep appreciation for ownership\u2019s vision for Boston Landing and has been an excellent partner in bringing it to life.\u201d<\/em><\/p>\n<p>TCG is providing leasing and property management services for the $500 million Boston Landing development. In late March, TCG <a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-arranges-financing-for-boston-landing-component\/\">arranged a short-term construction loan<\/a> on behalf of NB Development Group for 80 Guest St. from U.S. Bank and TD Bank. It was to be used for the remaining construction on that property, a 265,000-square-foot building that contains office space, labs and the Warrior Ice Arena, the new training and practice facility for the NHL\u2019s Boston Bruins.<\/p>\n<p>Boston Landing is located along the Massachusetts Turnpike next to the recently completed world headquarters of New Balance Athletic Shoe Inc. <a href=\"https:\/\/www.commercialsearch.com\/news\/hym-to-co-develop-new-balances-500-million-boston-landing-mixed-use-project\/\">New Balance Development Group<\/a> is New Balance\u2019s real estate and development arm, which is building Boston Landing in a joint venture with HYM Investment Group LLC, a Boston-based real estate company. Boston Landing was approved in mid-2012. When completed, it will include 650,000 square feet of office and lab space; the Bruins\u2019 and Celtics\u2019 practice facilities; a 175-room hotel; a track and field sports center; 295-unit apartment building; 80,000 square feet of retail and 1.4 acres of landscaped open space. This spring, a newly constructed commuter rail station is expected to open at Boston Landing providing a quick trip into downtown Boston.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The upcoming 160,000-square-foot building at Boston Landing will be called the Auerbach Center at New Balance World Headquarters, in honor of basketball legend Red Auerbach, who was a coach and team executive. <\/p>\n","protected":false},"author":1068,"featured_media":1004173715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,1576,21782,21808,21752,21742,10],"tags":[35110,34509,34506,33313],"class_list":["post-1004173708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-cities","category-development","category-featured","category-mixed-use","category-latest","category-northeast","tag-boston-celtics","tag-boston-landing","tag-nb-development-group","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TCG Lines Up Financing for Celtics\u2019 Practice Facility - 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\/tcg-lines-up-financing-for-celtics-practice-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TCG Lines Up Financing for Celtics\u2019 Practice Facility\" \/>\n<meta property=\"og:description\" content=\"The upcoming 160,000-square-foot building at Boston Landing will be called the Auerbach Center at New Balance World Headquarters, in honor of basketball legend Red Auerbach, who was a coach and team executive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/\" \/>\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=\"2017-04-21T10:23:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:06:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/\",\"name\":\"TCG Lines Up Financing for Celtics\u2019 Practice Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg\",\"datePublished\":\"2017-04-21T10:23:01+00:00\",\"dateModified\":\"2022-12-09T01:06:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg\",\"width\":800,\"height\":600,\"caption\":\"Boston Landing at 40 Guest St.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TCG Lines Up Financing for Celtics\u2019 Practice Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TCG Lines Up Financing for Celtics\u2019 Practice Facility - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/","og_locale":"en_US","og_type":"article","og_title":"TCG Lines Up Financing for Celtics\u2019 Practice Facility","og_description":"The upcoming 160,000-square-foot building at Boston Landing will be called the Auerbach Center at New Balance World Headquarters, in honor of basketball legend Red Auerbach, who was a coach and team executive.","og_url":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-04-21T10:23:01+00:00","article_modified_time":"2022-12-09T01:06:23+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/","url":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/","name":"TCG Lines Up Financing for Celtics\u2019 Practice Facility - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg","datePublished":"2017-04-21T10:23:01+00:00","dateModified":"2022-12-09T01:06:23+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg","width":800,"height":600,"caption":"Boston Landing at 40 Guest St."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/tcg-lines-up-financing-for-celtics-practice-facility\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"TCG Lines Up Financing for Celtics\u2019 Practice Facility"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Boston-Landing-at-40-Guest-St..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004173708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004173708"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004173708\/revisions"}],"predecessor-version":[{"id":1004612842,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004173708\/revisions\/1004612842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004173715"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004173708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004173708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004173708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}