The financing arrangement, orchestrated by JLL’s Capital Markets group on behalf of developer Millennium Partners, splits the capital into two primary tranches. The $281 million, 20-year residential loan was provided by Nuveen Green Capital, marking the largest C-PACE transaction to date in New England. Simultaneously, a five-year, $575 million securitized loan was secured through Morgan Stanley and Barclays to support the office component of the project.
JLL Secures $856 Million Financing for Boston’s Winthrop Center
JLL has finalized $856 million in total financing for Winthrop Center, Boston’s landmark $1.3 billion mixed-use tower. The package includes a $281 million C-PACE residential inventory loan and $575 million in securitized debt, underscoring institutional investor demand for high-performance, sustainable urban assets in the current market.
Rising 691 feet above downtown Boston, Winthrop Center comprises 823,856 square feet of Passive House-certified office space and 317 luxury residential units. According to JLL Executive Managing Director Riaz Cassum, the successful closing reflects the convergence of top-tier sponsorship and the asset's technical quality. The project has positioned itself as a benchmark for next-generation development, prioritizing sustainability and wellness to attract institutional interest despite broader market volatility.
Comments (0)
No comments yet. Be the first!