Northwestern Mutual Supplies $170M Refi on Apartments Near Boston’s Fenway Park
By Andrew Coen October 30, 2024 12:32 pm
reprints
A joint venture between J.P. Morgan Asset Management and developer Samuels & Associates secured a $170 million loan to refinance a multifamily asset near Fenway Park in Boston, Commercial Observer has learned.
Northwestern Mutual provided the five-year, fixed-rate loan on the JV’s 405-unit Fenway Triangle property, situated less than half a mile from the 112-year-old Boston Red Sox ballpark, sources told CO.
CBRE (CBRE)’s Tom Rugg, Tom Traynor, Adam Spengler and Kyle Juszczyszyn, according to sources.
Located at 180 Brookline Avenue, the 2006-built Fenway Triangle has amenities that include a fourth-floor courtyard, a fitness center, a game room, a business lounge and underground parking. The property also contains roughly 42,000 square feet of retail space leased to tenants that include Starbucks, Chipotle and West Elm.
Officials at Samuels & Associates did not immediately return a request for comment. J.P. Morgan, Northwestern Mutual and CBRE declined to comment.
Andrew Coen can be reached at acoen@commercialobserver.com
