Updated Oct 10, 2026
David Greaney Of Synergy & Clayton DeGiacinto Of Axonic Capital Acquire Office Tower For $116M
265 Franklin Street
$116,000,000
Building Size
—
Asset Type
Office
Closing
Jul 16, 2026
About this deal
AI
The asset involved in this transaction is a 21-story Class A office tower located at 265 Franklin Street in Downtown Boston, MA. The buyer acquired the property from Clarendon Properties for a total sale price of $116,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $116,000,000
- Buyer: David Greaney - Synergy & Clayton DeGiacinto - Axonic Capital
- Seller: Clarendon Properties
David Greaney represents Synergy, while Clayton DeGiacinto represents Axonic Capital in this acquisition, marking the firms’ first joint venture in the market.
On the Map
$116,000,000
Office
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Players
Franklin Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93