265 Franklin Street
Update
10/28/20
265 Franklin Refinanced for $150M
Developer Clarendon Properties sought to refinance a downtown Boston office building in a joint venture with a BlackRock affiliated fund vehicle. The company was awarded $150,000,000 from Allianz to refinance the 21-story Class A building, retiring the exiting debt.
In an announcement from Allianz, the move allows the firm to "focus on investing in core assets. It offers stable cash flows over the long term with revenue upside potential given the current rents compared to market.”
The property is leased to 36 tenants, the two largest being a legal firm and a bank.
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