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CORRECTING and REPLACING CIM Group Closes $93.1 Million Loan to DivcoWest for Acquisition of 399 Boylston, 245,000-Square-Foot Class A Office and Retail Building in Boston’s Back Bay
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LOS ANGELES--(BUSINESS WIRE)--Nov 20, 2025-- Headline of release should read: CIM Group Closes $93.1 Million Loan to DivcoWest for Acquisition of 399 Boylston, 245,000-Square-Foot Class A Office and Retail Building in Boston’s Back Bay (instead of CIM Group Closes $93.1 Million Loan to DivcoWest for Acquisition of 399 Boylston, 239,611-Square-Foot Class A Office and Retail Building in Boston’s Back Bay). The updated release reads: CIM GROUP CLOSES $93.1 MILLION LOAN TO DIVCOWEST FOR ACQUISITION OF 399 BOYLSTON, 245,000-SQUARE-FOOT CLASS A OFFICE AND RETAIL BUILDING IN BOSTON’S BACK BAY CIM Group announced today that its CIM Real Estate Debt Solutions business, on behalf of a CIM-managed fund, has closed a $93.1 million whole loan to DivcoWest for the acquisition of 399 Boylston, an approximately 245,000 square-foot, 13-story, Class A office and retail building prominently located in Boston’s Back Bay market. 399 Boylston features an architecturally distinctive design with a highly desirable location, appealing to both office and retail businesses, on the first block of Boylston Street just steps from Boston Public Garden and Newbury Street.