A joint venture of Normandy Real Estate Partners and Greenfield Partners has secured an $85 million construction loan for TripAdvisor's built-to-suit corporate headquarters in Needham, Mass. Set to open next year, the headquarters will be more than double the size of the company's existing 119,000-square-foot space in Newton. TripAdvisor plans to move more than 500 jobs to the new location.

TripAdvisor's headquarters will consist of a custom-built, LEED-Certified Gold office building with an employee cafeteria, fitness center and meeting areas, along with an 1,100 space parking garage. The planned office park on 14 acres has 734,000 square feet of proposed space for development. There are plans for a second building totaling 210,000 square feet, a third building totaling 150,000 square feet and a fourth building totaling 90,000 square feet.