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Millennium Partners Scores $856M Financing for Downtown Boston’s Winthrop Center
JLL advised Millennium Partners on a total of $856 million in financing across the residential and office components of Winthrop Center in downtown Boston. Executive managing director Riaz Cassum, managing director Andrew Gray, VP Robyn King and analyst David Mega worked on behalf of Millennium to arrange the 20-year, C-PACE residential inventory loan through Nuveen Green Capital for The Millennium Residences at Winthrop Center, and the five-year, $575-million securitized financing through Morgan Stanley and Barclays for The Offices at Winthrop Center.
“Millennium Partners has an unmatched track record in Boston’s luxury residential market. Winthrop Center represents the most evolved living and work experience the sponsor has ever created, combining world-class sustainability, five-star services, and extraordinary amenities for both residents and commercial occupants,” said Cassum. “This sizeable commitment from institutional lenders is a testimony to proven sponsorship, the asset’s quality and the fundamental strength of both Boston’s ultra-luxury condominium and trophy office markets.”
Developed by Millennium, Winthrop Center includes 823,856 square feet of office and 317 luxury residences.
- ◦Financing
