Boston, MA (January 10, 2025) – JLC Infrastructure (“JLC”), an investor and asset management firm
specializing in infrastructure investments, announced today that it has acquired 100% of MasParc and
Mobility LLC (“MasParc”), an exclusive operator of the parking system at Northeastern University through a
50-year Concession Agreement with 44 years remaining. JLC acquired MasParc from funds managed by QIC.
The acquisition enhances JLC’s growing portfolio in the transportation and parking infrastructure sector and
expands its footprint in key urban markets.
MasParc operates a comprehensive parking system that includes ~3,100 parking spaces across four garages
and 12 surface lots, strategically located to serve the vibrant campus of Northeastern University and the
surrounding Boston area. MasParc has a diversified user base consisting of students, faculty, staff and
visitors at Northeastern University as well as employees of world-class hospitals and institutions in the
surrounding area. JLC will work with MasParc’s management team to optimize operations and evaluate
growth opportunities, including continuing to innovate and improve parking solutions, pursuing opportunities
to advance ESG initiatives, and responding to current and future mobility trends.
"We are thrilled to add MasParc to our portfolio of transportation infrastructure assets. This acquisition is a
significant step forward in our strategy to invest in critical infrastructure that provides essential services to
support growing urban environments," said Marlon Smith, Managing Director, Head of Public Infrastructure
and Communications at JLC. "MasParc's strategic location at Northeastern University and its exclusive
partnership with the University to provide parking services align well with our long-term investment
objectives. We are confident that MasParc’s proven operations and strategic location will allow us to continue
enhancing the experience for students, faculty, staff, and visitors while driving operational efficiencies."
“The MasParc management team is excited to work with JLC and leverage the experience they’ve gained in
managing a wide variety of assets across the US. With JLC’s guidance and support, MasParc will become an
even more important part of the campus and downtown community we call home,” said Matthew Inman,
General Manager of MasParc.
JLC has assets under management of approximately $2.1 billion and currently manages investments in the
transportation, energy, and communications sectors. In addition to the investment in MasParc, JLC’s
transportation investments include the LAX Cargo Modernization Project and the New Terminal One project at
John F. Kennedy International Airport.
Mechhi Infrastructure Partners served as development partner and operating advisor, Norton Rose Fulbright
served as legal advisor, and Rubicon Capital Advisors served as financial advisor to JLC.