Fantini & Gorga Arranges $13 Million for Three Downtown Office Buildings

BOSTON–Fantini & Gorga recently arranged $13,000,000 in permanent financing for the refinance of three interconnected properties located at 20 Winthrop Square, 85 Franklin Street and 77 Franklin Street in the heart of Boston’s Financial District.

“We were delighted to deliver such an attractive financing for these historic buildings,” stated Wayne Clough, Managing Director at Fantini & Gorga, who together with Despina Hixon, Director, arranged the financing with one of the firm’s correspondent insurance companies. “The lender was able to appreciate the great qualities of these assets including historically high occupancy, strong visibility along Franklin Street in Downtown Boston, and excellent sponsorship”.

These three buildings are conjoined and collectively feature roughly 98,350 square feet of premier office and retail space. The properties are located along Franklin Street within Boston’s Downtown Crossing, one of the city’s busiest and most well-established neighborhoods. Access to public transportation is excellent and all of the MBTA’s subway system converges in downtown, with the Red, Orange, Green, and Blue lines meeting underneath Downtown Crossing. The Sponsor, A.W. Perry, has owned and managed the properties for decades and has kept them well maintained. Established in 1884, A.W. Perry is a relationship driven real estate investment and services firm conducting business primarily in downtown Boston and the South Shore.

Wayne Clough

Despina Hixon