Center Court Secures $173M Refi of Beacon Hill Luxury Condo Project
Newmark Knight Frank arranged the financing for the redeveloped property that was provided by Apollo Global Management and RCG Longview, a CenterSquare Co.
BOSTON—Center Court Mass, LLC has secured a refinancing deal valued at $173 million for its 62-unit luxury Archer Residences property in Beacon Hill.
Newmark Knight Frank arranged the financing for the redeveloped property that was provided by Apollo Global Management and RCG Longview, a CenterSquare Co.
The Newmark Knight Frank team was led by Dustin Stolly and Jordan Roeschlaub, vice-chairmen, and co-heads of the New York Debt & Structured Finance team. NKF’s Nick Scribani, Chris Kramer, Brett Wilburn, and Drew Ahlers also assisted in arranging the financing.
The Archer Residences joins two historically significant buildings and features designs by LDa and The Architecture Team, Inc. The property’s indoor and outdoor space are geared toward health, wellness and socializing. Each condo unit offers a unique floor plan with luxury finishes and elegant designs. Units feature the original 9-foot to 16-foot ceiling heights and full-wall windows.
“By gutting the space and redeveloping the two historic buildings, Archer Residences is able to offer ultra-luxury residences and an unparalleled amenity package while maintaining the neighborhood’s historical setting. It’s a truly unique asset,” notes NKF’s Stolly.
Center Court Mass, LLC’s principals have more than 25 years of experience investing, developing, and managing more than 14 million square feet of commercial space and 26,000 residential units.