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Synergy and Axonic Capital buy Downtown Boston office tower for $116M

The 21-story Class A property totals about 358,406 rentable square feet and sits on a full city block near South Station and major highway access.

Reported · Written up by our desk · Commercial

Synergy and Axonic Capital have acquired 265 Franklin St., a 21-story Class A office tower in Downtown Boston, in their first joint venture, according to ConnectCRE.

Clarendon Properties sold the building for $116 million, ConnectCRE reported, citing the Boston Business Journal.

The property covers approximately 358,406 rentable square feet and is located on a full city block bounded by Franklin, High, Oliver, and Batterymarch streets.

ConnectCRE said the tower offers immediate access to South Station, major MBTA transit lines, Interstate 90, and Interstate 93, and it includes recent capital improvements and flexible floor plates intended to support tenant needs during Boston’s ongoing office market recovery and evolution.

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