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Newbury Street Building Gets $12M to Refinance

BOSTON-C. Talanian Realty takes out the loan on a nine-story retail and office building.

By Beverly Ford | Updated on February 06, 2007

(To read more on the debt and equity markets, click here.)

BOSTON-C. Talanian Realty, the owner of 137 Newbury St., has received $12 million to refinance the nine-story Back Bay retail and office property. The was arranged by locally based mortgage banking firm Fantini & Gorga with an undisclosed correspondent life insurance company lender.

Built in 1929, the 48,000-sf building, located one block from Copley Square and two blocks from the Boston Public Garden, is home to a number of retail and commercial businesses, including the owner’s office. Among the tenants are the environmental consulting company BlueWave Strategies and several law firms, including Mackie Shea O’Brien.

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