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Boston & New England  + Office  |  October 28, 2020
David Cohen
By: David Cohen

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

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.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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