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
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.
Players
Franklin Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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