<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2ZrJiq_1AlmJjiN00" alt="https://img.particlenews.com/image.php?url=2ZrJiq_1AlmJjiN00" width="907" height="510" >MassDevelopment has issued $865,515,000 in tax-exempt bonds on behalf of Mass General Brigham Incorporated (MGB) to expand and improve its healthcare facilities. J.P. Morgan Securities, serving as the lead underwriter, sold the tax-exempt bonds through a public offering.MGB is using bond proceeds to build a 482-bed facility focused largely on oncology and cardiovascular services at 55 Fruit St. on Mass General Hospital’s main campus in Boston. Construction of the new building is underway, with the facility opening in two phases between 2027 and 2030. Additionally, MGB is using bond proceeds to redevelop Brigham and Women’s Faulkner Hospital campus, located at 1153 Centre St. in Boston’s Jamaica Plain neighborhood. This redevelopment project includes building a five-story addition to the hospital’s existing facility, buying new equipment, and building and renovating garage facilities. The organization is also using bond proceeds to refinance previously issued debt.“Massachusetts is fortunate to lead the nation in health care and that’s because we are home to world-renowned hospitals like Mass General Brigham,” said Economic Development Secretary Eric Paley, who serves as Chair of MassDevelopment’s Board of Directors. “MassDevelopment is proud to support Mass General Brigham with access to tax-exempt financing as it expands its footprint in Boston.”ConnectInside The StoryPaul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&amp;As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).</div></body>

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MassDevelopment has issued $865,515,000 in tax-exempt bonds on behalf of Mass General Brigham Incorporated (MGB) to expand and improve its healthcare facilities. J.P. Morgan Securities, serving as the lead underwriter, sold the tax-exempt bonds through a public offering. MGB is using bond proceeds to build a 482-bed facility focused largely...

$866M in Bonds Help Fund Mass General Brigham Expansion

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MassDevelopment has issued $865,515,000 in tax-exempt bonds on behalf of Mass General Brigham Incorporated (MGB) to expand and improve its healthcare facil

$866M in Bonds Help Fund Mass General Brigham Expansion

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