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265 Franklin Street

David Greaney Of Synergy & Clayton DeGiacinto Of Axonic Capital Acquire Office Tower For $116M
SOLDOffice

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:

David Greaney represents Synergy, while Clayton DeGiacinto represents Axonic Capital in this acquisition, marking the firms’ first joint venture in the market.

Players

Clayton DeGiacinto

Axonic Capital

Buyer

$250.8M

vol

4 deals

Buyer
CP
Clarendon PropertiesBuyer
CP
Clarendon PropertiesSeller

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