Updated Aug 28, 2026
Millennium Partners Secures $575 Million Loan For Winthrop Center Office In Boston
115 Federal Street
$575,000,000
$697/SF
Building Size
823,856 SF
Asset Type
Office
Closing
Aug 26, 2026
About this deal
AI
The asset involved is an office property located at 115 Federal Street in Boston, MA, comprising a total square footage of 823,856. The property has secured a loan amount of $575 million backed by a five-year securitized loan from Morgan Stanley and Barclays Bank.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $575,000,000
- Address: 115 Federal Street
- Market: Boston, MA
- Loan Terms: 5-year securitized loan
- Lender: Morgan Stanley & Barclays Bank
- Landlord: Christopher M. Jeffries - Millennium Partners
- Brokers: Riaz Cassum, Andrew Gray, Robyn King & David Mega - JLL
This financing deal was facilitated by JLL, representing the sponsor, Millennium Partners, led by Christopher M. Jeffries. The transaction illustrates the involvement of key individuals in securing substantial financing for the office component of Millennium Partners’ Winthrop Center in downtown Boston.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93