**PGIM Real Estate Provides $132M Refi for Fenway High-Rise**
PGIM Real Estate has supplied $132 million in floating-rate financing to The Abbey Group for the refinancing of The Viridian, a 342-unit Class A multifamily high-rise located at 1282 Boylston Street in the Fenway neighborhood of Boston. The financing was secured through PGIM’s core investment strategy. Amy Lousararian, Managing Director at JLL Capital Markets, arranged the financing.
“We’re excited to provide the financing to The Abbey Group for this dynamic residential project in Fenway, a neighborhood known for its energy, connectivity, and cultural significance,” said Michelle Liu, Executive Director at PGIM Real Estate, who led the financing. “With thoughtfully designed residences, expansive amenity spaces, and direct access to world-class dining, entertainment, and transit, this property reflects the type of high-quality, well-located urban living experience we seek to back.”
The Viridian, delivered in early 2015, offers residents proximity to top medical centers, abundant dining and shopping options, cultural attractions, and entertainment venues. In addition to onsite retail, the property provides convenient access to public transit through the MBTA, Masco Shuttle, and Blue Bikes.
