BOSTON—Capital One Bank has provided a$45-million, three-year term loan to Shorenstein Realty InvestorsEight, LP, a $1.1-billion fund sponsored by ShorensteinProperties LLC, to refinance existing debt on its399 Boylston St. office building.


The 13-story office tower at 399 Boylston St. featuresapproximately 230,000 square feet of rentable space, including12,000 feet of retail space. Located in Boston's historic Back Baysection, the building is located one block from the upscale retaildistrict of Newbury Street.


“Shorenstein Properties is a valued client of Capital One Bank,and we are pleased to help them refinance this premier property,”says Ben Stacks, Greater New York Market Manager,Capital One Bank Commercial Real Estate. “We look forward tosupporting their future financing needs.”


Shorenstein Properties is headquartered in San Francisco andalso has offices in New York City. In January of this year,Shorenstein acquired Center Plaza, a transit-oriented mixed-useproperty totalling 717,128 square feet in Boston.


Capital One Bank's parent is Mclean, VA-based CapitalOne Financial Corp., had $204.5 billion in deposits and$297 billion in total assets as of Dec. 31, 2013. Capital One, N.A.has more than 900 branch locations primarily in New York, NewJersey, Texas, Louisiana, Maryland, Virginia and the District ofColumbia.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.