News

Boylston Properties Announces Refinancing of Arsenal Yards in Watertown

October 2022

New $300M loan from AllianceBernstein secured as the 1M sf mixed-use project nears completion

Thursday, October 6, 2022 – Boston, MA – Boylston Properties, a Boston-based developer of mixed-use properties, today announced that it closed on a $300M loan from AllianceBernstein on August 4, 2022, to refinance a portion of Arsenal Yards, the 1M sf mixed-use development in Watertown, MA. Arsenal Yards has fundamentally transformed the East End of Watertown into a thriving neighborhood and destination for residents, life science employees, and businesses along the Arsenal St. corridor.

“The success of Arsenal Yards to date is the direct result of the hard work, vision, and commitment of our team, our partners, and the City officials who helped us get to this point,” said Mark Deschenes, President of Boylston Properties. “We are invested in the long-term success of Arsenal Yards, and this refinancing affords our team the ability to meet the tremendous demand and ongoing development of the East End of Watertown in particular. We are grateful to AllianceBernstein for partnering with us and sharing that vision.”

The transaction was brokered by Eastdil Secured, and Boylston Properties will use the funds to pay off a construction loan from Wells Fargo, as well as to complete the remaining retail storefront work.

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Mark Deschenes is named President of Boylston Properties

June 2022

Deschenes steps into the role following nearly 20 years of driving operational excellence for the real estate development firm

June 16, 2022 – Boston, MABoylston Properties, a Boston-based developer of mixed-use properties, today announced that Mark Deschenes has been appointed President of the firm after nearly 20 years of operating in partnership with Founding Principal, Bill McQuillan. Mark originally joined Boylston Properties in 1998, and following a few years hiatus, rejoined as Principal in 2006, overseeing all project development. Since then, Mark has been responsible for much of the progress and growth of Boylston Properties, driving nearly $1B of impactful development projects like the Residence Inn Fenway, the LINX life science building in Watertown, and of course, the monumental 1M sf mixed-use Arsenal Yards project.

“I began working with Mark Deschenes almost 25 years ago, and I can’t say enough about his drive, commitment, and the general excellence that he’s brought to the work we do,” said Bill McQuillan. “I have never seen such dedication from one person – from a commitment to building better buildings, to leading and growing our team, and acting with integrity to all the individuals and organizations that Boylston Properties interacts with on a daily basis.”

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Boylston Properties Makes 5-Year Commitment to the ACE Mentor Program of Greater Boston

June 2022

Strategic investment will support ACE in educating high school students in architecture, construction and engineering industries, including as Presenting Sponsor at this year’s ACE Networking Event on Thursday, June 9, 2022

Wednesday, June 8, 2022 Boston, MA Boylston Properties, a Boston-based developer of mixed-use properties, today announced a 5-year, $125,000 investment in the ACE Mentor Program of Greater Boston, including the Presenting Sponsor at this year’s ACE Networking Event, this Thursday, June 9. Committing to this multi-year investment, Boylston Properties will put concerted funds, time and team effort into supporting the incredibly vital work ACE Mentor Program does to introduce high school students to the industries of architecture, construction, and engineering.

This year, ACE Greater Boston and Boylston Properties have raised over $515,000 in scholarship funds, and counting, heading towards 100% growth from last year’s event. In a time where there are many causes to support, Boylston Properties decided to put significant support behind ACE Greater Boston for the impact it has on students who have yet to be exposed to the vast opportunities within these growing industries.

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Boylston Properties Launches Property Management Arm Led by Robyn Duffy, New Director of Property Management

May 2022

Duffy will lead Boylston Properties Management Company at the Growing Life Science Campus at Arsenal Yards

Thursday, May 19, 2022 – Boston, MA – Boylston Properties, a Boston-based developer of mixed-use properties, announced today that Robyn Duffy is joining as Director of Property Management, leading a new vertically-integrated property management arm of the growing real estate firm. The launch of Boylston Properties Management Company (BPMC) follows the development of 400,000 sf of state-of-the-art life science space at Arsenal Yards in Watertown, and enables the firm to stay as close as possible to the end-user experience.

Boylston Properties Management Company is being created to offer professional property management services with a commitment to proactiveness, efficiency, and a personalized, first-class tenant experience. Boylston Properties launched BPMC in its life science portfolio of 108,000 sf at 200 Arsenal Yards Blvd, which is fully occupied by three tenants, in addition to several retail properties in Boston and Needham that it will also serve. BPMC will be further built out ahead of November 2022, when seven additional life science tenants will move in to the remaining approximate 300,000 sf at the future 100 and 500 Forge life science properties at Arsenal Yards.

“If there’s one thing that our team is known for, it’s close, valued tenant relationships and strong industry partnerships,” said Bill McQuillan, Founding Principal of Boylston Properties. “We’re bringing property management in-house because we aim to deliver professional, white-glove service and work with best-in-class partners — from development, through construction, and now full circle to tenant relations and day-to-day management. Robyn has been our partner for 6 years, beginning at the LINX building in Watertown, and she is the perfect person to drive BPMC. She understands our values and appreciates what we aim to deliver at our properties day-in and day-out.”

Robyn Duffy joins Boylston Properties from Jones Lang LaSalle (JLL), where she has been a Group Manager since 2019, managing a portfolio of 800,000 square feet of lab, medical office, office and industrial space. As a Group Manager, Robyn was responsible for client relations, team training and growth, implementation of strategic plans for properties, and creating, managing, and reviewing annual budgets and financials. Prior to joining JLL, Robyn worked as the Senior Property Manager for Lincoln Property Company where she was responsible for the management and oversight of a mixed-use portfolio of 28 buildings which included retail, residential, and office on Newbury Street in Boston’s Back Bay.

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