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October 28, 2020 Comments Off on Allianz Real Estate Provides $150M Refinancing for Boston Office Building Views: 973 Boston, Boston New England News, Top Boston

Allianz Real Estate Provides $150M Refinancing for Boston Office Building

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Allianz Real Estate has provided a $150 million loan to refinance 265 Franklin Street, a 21-story office building in downtown Boston.

Located in the financial district of Boston, the 350,534-square-foot property is currently 97% occupied. The office building’s two largest leases consist of a law firm and a bank. The property features a ground floor with retail stores that occupy an entire block as well as underground parking.

Allianz Real Estate provided the refinancing to the borrower, a joint venture of Clarendon Properties and a fund managed by BlackRock. Terms of the financing were not disclosed.

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