October 28, 2020
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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