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Natixis Leads $125MM Financing for Baltimore Construction Project

September 08, 2017, 07:10 AM
Filed Under: Real Estate

Natixis is the Lead Arranger and Administrative Agent on a $125 million senior loan for an 800,000 SF Class A mixed-use office, multifamily, and retail development in the heart of downtown Baltimore, Maryland. The project is being developed by Madison Marquette and M&T Bank is the lead tenant.
One Light Street will be a 28-story tower that consists of 280 apartment units with floor to ceiling windows offering sweeping views of the city, modern office space geared towards the next generation of workers, street-level retail catering to the neighborhood, and 646 parking spaces, offering residents and workers direct access to the building. The office space is two-thirds pre-leased to an anchor credit tenant, which will be moving their regional headquarters to the tower.
The property is located minutes away from the Inner Harbor, the Baltimore Ravens NFL Football M&T Bank Stadium, Oriole Park at Camden Yards, Maryland Science Center, National Aquarium, and Port Discovery Children’s Museum. The local area benefits from excellent transportation linkages including major traffic arteries and public transportation that connects the local area to the surrounding metropolitan area and employment centers.
“Downtown Baltimore is undergoing major urban renewal, from renovations of older buildings by local real estate investors to billion dollar development projects by direct users like universities and corporations. One Light Street will further add to downtown’s revitalization,” notes Greg Murphy, Head of Natixis Real Estate Finance Americas.
Madison Marquette is a fully integrated real estate investment management and operating company that provides a comprehensive set of services to institutional investors in mixed use, office, residential and retail assets in top-tier markets across the United States.

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