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.
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