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PGIM Real Estate Provides $132M Refi on Fenway High-Rise
PGIM Real Estate has provided $132 million in floating-rate financing through its core strategy to The Abbey Group to refinance the Viridian, a 342-unit Class A multifamily high rise at 1282 Boylston St. in Boston’s Fenway neighborhood. Amy Lousararian, managing director at JLL Capital Markets, arranged the financing.
“We’re excited to provide the financing to The Abbey Group for this dynamic residential project in Fenway, a neighborhood known for its energy, connectivity, and cultural significance,” said Michelle Liu, executive director at PGIM Real Estate, who led the financing. “With thoughtfully designed residences, expansive amenity spaces, and direct access to world-class dining, entertainment and transit, this property reflects the type of high-quality, well-located urban living experience we seek to back.”
Delivered in early 2015, the Viridian is within walking distance to top medical centers, dining, shopping, arts and entertainment, with onsite retail and transit options including the MBTA, Masco Shuttle and Blue Bikes.
- ◦Financing
