Allianz Property Supplies $150M Refinancing for Boston Office Complex

Order Reprints … October 28, 2020

Allianz Realty has actually provided a $150 million lending to refinance 265 Franklin Street, a 21-story office structure in midtown Boston.

Found in the economic district of Boston, the 350,534-square-foot home is presently 97% occupied. The office complex’s 2 largest leases include a legislation firm as well as a financial institution. The building includes a ground floor with retailers that occupy a whole block in addition to below ground vehicle parking.

Allianz Property gave the refinancing to the debtor, a joint endeavor of Clarendon Residences and also a fund taken care of by BlackRock. Terms of the funding were not divulged.

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