{"success":true,"data":{"pressRelease":{"id":"128331","rtpr_id":"nPn3vYDvya","ticker":"JLL","exchange":"NYSE","all_tickers":["JLL"],"title":"JLL advises on $856M in financing across The Millennium Residences and The Offices at Winthrop Center","author":"PR Newswire","published_at":"2026-08-26T13:21:38.401Z","article_body":"JLL advises on $856M in financing across The Millennium Residences and The Offices at Winthrop Center\n\nPR Newswire\n\nBOSTON, Aug. 26, 2026\n\nNuveen Green Capital closes $281M C-PACE loan for The Millennium Residences,\nalongside a $575M loan for The Offices at Winthrop Center, the world's largest\nPassive House Office Building\n\nKey Takeaways:\n\n * JLL advises on $856M in total financing for Winthrop Center, including a $281M\nC-PACE residential inventory loan and a $575M securitized office loan\n * Winthrop Center was developed by Millennium Partners and consists of 823,856\nsquare feet of Class A Passive House-certified office space and 317 luxury\nresidential units\n * The financing reflects strong institutional lender appetite for high quality,\nirreplaceable assets backed by best-in-class sponsorship\nBOSTON, Aug. 26, 2026 /PRNewswire/ -- JLL\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4759637-1&h=271507219&u=http%3A%2F%2Fwww.jll.com.%2F&a=JLL)\n's Capital Markets group announced today that it has advised Millennium\nPartners on the $281M financing for The Millennium Residences and the $575M\nloan for The Offices at Winthrop Center, Boston's landmark $1.3 billion\nmixed-use tower.\n\nJLL worked on behalf of the borrower to arrange the 20-year, C-PACE\nresidential inventory loan through Nuveen Green Capital and the five-year,\n$575M securitized financing through Morgan Stanley and Barclays for the office\ncomponent of the project.\n\nAt 691 feet, Winthrop Center is the tallest building in Boston's downtown core\nand has achieved global recognition as the world's largest Passive House\noffice building, totaling approximately 823,856 square feet, and setting a new\nstandard for next-generation workplace centered on sustainability, wellness\nand performance. The Millennium Residences at Winthrop Center comprise 510,000\nsquare feet of luxury residences, delivering an elevated residential\nexperience defined by exceptional design, world-class amenities and services,\nand panoramic views of the Boston skyline, Charles River and Boston Harbor.\n\nWinthrop Center is at the epicenter of Downtown Boston offering unparalleled\naccess to South Station, 28 million square feet of Class A office space and\nBoston's most distinguished shopping, dining and entertainment destinations.\n\n\"This financing is a key milestone that reflects the confidence that leading\ninstitutional partners continue to place in Winthrop Center,\" said Christopher\nM. Jeffries, Founder of Millennium Partners. \"Winthrop Center was conceived as\na landmark building for Boston with significance well beyond the city, setting\na global standard for sustainable mixed-use development. We are proud to see\nthat vision recognized from our financial partners.\"\n\nJLL Capital Market's Debt Advisory team representing the borrower was led by\nExecutive Managing Director Riaz Cassum, Managing Director Andrew Gray, Vice\nPresident Robyn King and Analyst David Mega.\n\n\"This transaction reflects the convergence of exceptional sponsorship,\nirreplaceable product and structural market dynamics that institutional\nlenders seek in today's environment,\" said Cassum. \"Millennium Partners has an\nunmatched track record in Boston's luxury residential market. Winthrop Center\nrepresents the most evolved living and work experience the sponsor has ever\ncreated, combining world-class sustainability, five-star services, and\nextraordinary amenities for both residents and commercial occupants. This\nsizeable commitment from institutional lenders is a testimony to proven\nsponsorship, the asset's quality and the fundamental strength of both Boston's\nultra-luxury condominium and trophy office markets.\"\n\n\"It was a pleasure to partner with JLL and Millennium Partners to capitalize\nthis landmark project, which marks the largest C-PACE-financed transaction in\nNew England,\" said Mike Doty, Senior Director of Originations for Nuveen Green\nCapital. \"Through C-PACE's cost-effective financing, the sponsor was able to\nrecapitalize the residences portion of the property alongside $575 million in\nfinancing from Morgan Stanley and Barclays for the offices, delivering an\ninnovative capital structure that adds long-term value, while helping to\nensure the success of The Millennium Residences and The Offices at Winthrop\nCenter.\"\n\nJLL's Capital Markets group is a full-service global provider of capital\nsolutions for real estate investors and occupiers. The group's in-depth local\nmarket and global investor knowledge delivers the best-in-class solutions for\nclients, including investment sales and advisory, debt advisory, M&A and\ncorporate finance, loan sales, equity & fund placement, net lease,\nderivative advisory and energy & infrastructure advisory. JLL's Capital\nMarkets group has more than 3,000 specialists worldwide with offices in nearly\n50 countries.\n\nFor more news, videos and research resources, please visit JLL's newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4759637-1&h=1219691374&u=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2F___https%3A%2F%2Fwww.us.jll.com%2Fen%2Fnewsroom___.YzJ1OmF2ZW51ZWxpdmluZ2Fzc2V0bWFuYWdlbWVudDpjOm86YTdmNmQ0NGExYmJlMTgxYjhlZjYwZDY4NDVkNTQ4ZGY6Njo4MjBkOjkxMzA0YzJiYWJjNjEzMzVmNmJhMjY3MzhiM2JmODU0ODZjMzQzOTU0OGNmNGEzOThiMzY2MGRjZjg3MmU4YmI6cDpUOkY&a=newsroom)\n.\n\nAbout JLL \nJLL (NYSE:JLL) is a leading global commercial real estate services and\ninvestment management company with annual revenue of $26.1 billion, operations\nin over 80 countries and a global workforce of more than 112,000 as of June\n30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500®\ncompany, to help them confidently buy, build, occupy, manage and invest across\na variety of industries and property types, including office, industrial,\nhotel, multi-family, retail and data center properties. Driven by our purpose\nto shape the future of real estate for a better world, we help our clients,\npeople and communities SEE A BRIGHTER WAY. Powered by rich global datasets and\nleading technology capabilities, we provide coordinated, end-to-end delivery\nof real estate services for a broad range of global clients who represent a\nwide variety of industries. Through LaSalle Investment Management, we invest\nfor clients on a global basis in both private assets and publicly traded real\nestate securities. For further information, visit jll.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4759637-1&h=137826312&u=http%3A%2F%2Fwww.jll.com%2F&a=jll.com)\n.\n\nAbout Millennium Partners\nFounded in 1991, Millennium Partners is an internationally recognized\ndeveloper of luxury mixed-use properties, responsible for landmark\ndevelopments in some of the nation's most dynamic urban locations. The firm\nhas created an unparalleled portfolio of properties that bring together luxury\ncondominiums, state-of-the-art entertainment complexes, world-class spa and\nfitness facilities, Class-A office space, and five-star hotel brands,\nincluding The Ritz-Carlton Hotel Company LLC and Four Seasons Hotels and\nResort.\n\nIn Boston, Millennium Partners has been instrumental in shaping Downtown\nthrough projects including the record-setting Millennium Tower and Millennium\nPlace, and most recently, Winthrop Center. Winthrop Center is a\nnext-generation mixed-use tower and the world's largest Passive\nHouse-certified office building, designed with a focus on sustainability and\nworkplace wellness. Together, these projects reflect Millennium Partners'\ncontinued commitment to thoughtful development and long-term investment in the\ncity. For more information, please visit millenniumptrs.com.\n\nAbout Nuveen Green Capital\nWith over $6 billion originated, Nuveen Green Capital is a national leader in\nsustainable commercial real estate financing solutions and an affiliate of\nNuveen, the $1 trillion+(1) asset manager and wholly owned subsidiary of\nTIAA. The company, which was founded by C-PACE industry pioneers who helped\ndesign the nation's first successful statewide C-PACE program(2), has grown to\noffer a market-leading suite of accretive CRE financing products and a\nfull-service lending platform with all underwriting, legal, and asset\nmanagement functions executed in-house. To learn more, visit:\nNuveen.com/greencapital\n\nContact: Kristen Murphy, JLL Director, Public Relations\nPhone: +1 617 543 4873\nEmail: kristen.murphy@jll.com (mailto:kristen.murphy@jll.com)\n ________________________________\n (1) Total assets under management (AUM) as of 1/1/2025\n (2) The United States Department of Energy: 2016 C-PACE Report lists the\n Connecticut C-PACE program as the first statewide C-PACE program in the U.S.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/jll-advises-on-856m-in-financing-across-the-millennium-residences-and-the-offices-at-winthrop-center-302860635.html\n(https://www.prnewswire.com/news-releases/jll-advises-on-856m-in-financing-across-the-millennium-residences-and-the-offices-at-winthrop-center-302860635.html)\n\nSOURCE JLL\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1975623/Winthrop-Center.jpg?id=OA2911393\nhttps://mmx.prnewswire.com/media/MS251102/JLL-LOGO.jpg?id=OA2911135\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn3vYDvya","title":"JLL advises on $856M in financing across The Millennium Residences and The Offices at Winthrop Center","author":"PR Newswire","ticker":"JLL","created":"2026-08-26T13:21:38.401Z","tickers":["JLL"],"exchange":"NYSE","article_body":"JLL advises on $856M in financing across The Millennium Residences and The Offices at Winthrop Center\n\nPR Newswire\n\nBOSTON, Aug. 26, 2026\n\nNuveen Green Capital closes $281M C-PACE loan for The Millennium Residences,\nalongside a $575M loan for The Offices at Winthrop Center, the world's largest\nPassive House Office Building\n\nKey Takeaways:\n\n * JLL advises on $856M in total financing for Winthrop Center, including a $281M\nC-PACE residential inventory loan and a $575M securitized office loan\n * Winthrop Center was developed by Millennium Partners and consists of 823,856\nsquare feet of Class A Passive House-certified office space and 317 luxury\nresidential units\n * The financing reflects strong institutional lender appetite for high quality,\nirreplaceable assets backed by best-in-class sponsorship\nBOSTON, Aug. 26, 2026 /PRNewswire/ -- JLL\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4759637-1&h=271507219&u=http%3A%2F%2Fwww.jll.com.%2F&a=JLL)\n's Capital Markets group announced today that it has advised Millennium\nPartners on the $281M financing for The Millennium Residences and the $575M\nloan for The Offices at Winthrop Center, Boston's landmark $1.3 billion\nmixed-use tower.\n\nJLL worked on behalf of the borrower to arrange the 20-year, C-PACE\nresidential inventory loan through Nuveen Green Capital and the five-year,\n$575M securitized financing through Morgan Stanley and Barclays for the office\ncomponent of the project.\n\nAt 691 feet, Winthrop Center is the tallest building in Boston's downtown core\nand has achieved global recognition as the world's largest Passive House\noffice building, totaling approximately 823,856 square feet, and setting a new\nstandard for next-generation workplace centered on sustainability, wellness\nand performance. The Millennium Residences at Winthrop Center comprise 510,000\nsquare feet of luxury residences, delivering an elevated residential\nexperience defined by exceptional design, world-class amenities and services,\nand panoramic views of the Boston skyline, Charles River and Boston Harbor.\n\nWinthrop Center is at the epicenter of Downtown Boston offering unparalleled\naccess to South Station, 28 million square feet of Class A office space and\nBoston's most distinguished shopping, dining and entertainment destinations.\n\n\"This financing is a key milestone that reflects the confidence that leading\ninstitutional partners continue to place in Winthrop Center,\" said Christopher\nM. Jeffries, Founder of Millennium Partners. \"Winthrop Center was conceived as\na landmark building for Boston with significance well beyond the city, setting\na global standard for sustainable mixed-use development. We are proud to see\nthat vision recognized from our financial partners.\"\n\nJLL Capital Market's Debt Advisory team representing the borrower was led by\nExecutive Managing Director Riaz Cassum, Managing Director Andrew Gray, Vice\nPresident Robyn King and Analyst David Mega.\n\n\"This transaction reflects the convergence of exceptional sponsorship,\nirreplaceable product and structural market dynamics that institutional\nlenders seek in today's environment,\" said Cassum. \"Millennium Partners has an\nunmatched track record in Boston's luxury residential market. Winthrop Center\nrepresents the most evolved living and work experience the sponsor has ever\ncreated, combining world-class sustainability, five-star services, and\nextraordinary amenities for both residents and commercial occupants. This\nsizeable commitment from institutional lenders is a testimony to proven\nsponsorship, the asset's quality and the fundamental strength of both Boston's\nultra-luxury condominium and trophy office markets.\"\n\n\"It was a pleasure to partner with JLL and Millennium Partners to capitalize\nthis landmark project, which marks the largest C-PACE-financed transaction in\nNew England,\" said Mike Doty, Senior Director of Originations for Nuveen Green\nCapital. \"Through C-PACE's cost-effective financing, the sponsor was able to\nrecapitalize the residences portion of the property alongside $575 million in\nfinancing from Morgan Stanley and Barclays for the offices, delivering an\ninnovative capital structure that adds long-term value, while helping to\nensure the success of The Millennium Residences and The Offices at Winthrop\nCenter.\"\n\nJLL's Capital Markets group is a full-service global provider of capital\nsolutions for real estate investors and occupiers. The group's in-depth local\nmarket and global investor knowledge delivers the best-in-class solutions for\nclients, including investment sales and advisory, debt advisory, M&A and\ncorporate finance, loan sales, equity & fund placement, net lease,\nderivative advisory and energy & infrastructure advisory. JLL's Capital\nMarkets group has more than 3,000 specialists worldwide with offices in nearly\n50 countries.\n\nFor more news, videos and research resources, please visit JLL's newsroom\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4759637-1&h=1219691374&u=https%3A%2F%2Fprotect.checkpoint.com%2Fv2%2F___https%3A%2F%2Fwww.us.jll.com%2Fen%2Fnewsroom___.YzJ1OmF2ZW51ZWxpdmluZ2Fzc2V0bWFuYWdlbWVudDpjOm86YTdmNmQ0NGExYmJlMTgxYjhlZjYwZDY4NDVkNTQ4ZGY6Njo4MjBkOjkxMzA0YzJiYWJjNjEzMzVmNmJhMjY3MzhiM2JmODU0ODZjMzQzOTU0OGNmNGEzOThiMzY2MGRjZjg3MmU4YmI6cDpUOkY&a=newsroom)\n.\n\nAbout JLL \nJLL (NYSE:JLL) is a leading global commercial real estate services and\ninvestment management company with annual revenue of $26.1 billion, operations\nin over 80 countries and a global workforce of more than 112,000 as of June\n30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500®\ncompany, to help them confidently buy, build, occupy, manage and invest across\na variety of industries and property types, including office, industrial,\nhotel, multi-family, retail and data center properties. Driven by our purpose\nto shape the future of real estate for a better world, we help our clients,\npeople and communities SEE A BRIGHTER WAY. Powered by rich global datasets and\nleading technology capabilities, we provide coordinated, end-to-end delivery\nof real estate services for a broad range of global clients who represent a\nwide variety of industries. Through LaSalle Investment Management, we invest\nfor clients on a global basis in both private assets and publicly traded real\nestate securities. For further information, visit jll.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4759637-1&h=137826312&u=http%3A%2F%2Fwww.jll.com%2F&a=jll.com)\n.\n\nAbout Millennium Partners\nFounded in 1991, Millennium Partners is an internationally recognized\ndeveloper of luxury mixed-use properties, responsible for landmark\ndevelopments in some of the nation's most dynamic urban locations. The firm\nhas created an unparalleled portfolio of properties that bring together luxury\ncondominiums, state-of-the-art entertainment complexes, world-class spa and\nfitness facilities, Class-A office space, and five-star hotel brands,\nincluding The Ritz-Carlton Hotel Company LLC and Four Seasons Hotels and\nResort.\n\nIn Boston, Millennium Partners has been instrumental in shaping Downtown\nthrough projects including the record-setting Millennium Tower and Millennium\nPlace, and most recently, Winthrop Center. Winthrop Center is a\nnext-generation mixed-use tower and the world's largest Passive\nHouse-certified office building, designed with a focus on sustainability and\nworkplace wellness. Together, these projects reflect Millennium Partners'\ncontinued commitment to thoughtful development and long-term investment in the\ncity. For more information, please visit millenniumptrs.com.\n\nAbout Nuveen Green Capital\nWith over $6 billion originated, Nuveen Green Capital is a national leader in\nsustainable commercial real estate financing solutions and an affiliate of\nNuveen, the $1 trillion+(1) asset manager and wholly owned subsidiary of\nTIAA. The company, which was founded by C-PACE industry pioneers who helped\ndesign the nation's first successful statewide C-PACE program(2), has grown to\noffer a market-leading suite of accretive CRE financing products and a\nfull-service lending platform with all underwriting, legal, and asset\nmanagement functions executed in-house. To learn more, visit:\nNuveen.com/greencapital\n\nContact: Kristen Murphy, JLL Director, Public Relations\nPhone: +1 617 543 4873\nEmail: kristen.murphy@jll.com (mailto:kristen.murphy@jll.com)\n ________________________________\n (1) Total assets under management (AUM) as of 1/1/2025\n (2) The United States Department of Energy: 2016 C-PACE Report lists the\n Connecticut C-PACE program as the first statewide C-PACE program in the U.S.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/jll-advises-on-856m-in-financing-across-the-millennium-residences-and-the-offices-at-winthrop-center-302860635.html\n(https://www.prnewswire.com/news-releases/jll-advises-on-856m-in-financing-across-the-millennium-residences-and-the-offices-at-winthrop-center-302860635.html)\n\nSOURCE JLL\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1975623/Winthrop-Center.jpg?id=OA2911393\nhttps://mmx.prnewswire.com/media/MS251102/JLL-LOGO.jpg?id=OA2911135\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-26T13:21:38.455467344Z","server_sent_at_ms":1787750498455},"received_at":"2026-08-26T13:21:38.508Z","source_url":"https://www.prnewswire.com/news-releases/jll-advises-on-856m-in-financing-across-the-millennium-residences-and-the-offices-at-winthrop-center-302860635.html"},"analysis":{"id":"117247","press_release_id":"128331","analysis_json":{"industry":{"label":"Real Estate Services","sector":"Real Estate"},"redFlags":[],"eventType":"operations_update","narrative":"JLL's Capital Markets group advised Millennium Partners on $856 million in total financing for the landmark Winthrop Center in Boston.\n\nThe deal consists of a $281 million C-PACE loan from Nuveen Green Capital for the residential component and a $575 million securitized loan from Morgan Stanley and Barclays for the office space.\n\nThe project is notable for containing the world's largest Passive House-certified office building, reflecting strong institutional demand for sustainable assets.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"JLL secures $856M in financing for world's largest Passive House office project."},"keyFigures":{"revenue":26100000000,"dealValueUsd":856000000,"customDimensions":{"cpace_loan":281000000,"office_loan":575000000,"project_value":1300000000}},"quotedText":"This transaction reflects the convergence of exceptional sponsorship, irreplaceable product and structural market dynamics that institutional lenders seek in today's environment","namedEntities":{"people":[{"name":"Christopher M. Jeffries","role":"Founder of Millennium Partners"},{"name":"Riaz Cassum","role":"Executive Managing Director, JLL"},{"name":"Mike Doty","role":"Senior Director of Originations, Nuveen Green Capital"}],"products":["The Millennium Residences","The Offices at Winthrop Center","Winthrop Center"],"companies":[{"name":"Millennium Partners","relationship":"client"},{"name":"Nuveen Green Capital","relationship":"lender"},{"name":"Morgan Stanley","relationship":"lender"},{"name":"Barclays","relationship":"lender"}],"dollarAmounts":[{"amount":"$856M","context":"total financing advised by JLL"},{"amount":"$281M","context":"C-PACE residential inventory loan"},{"amount":"$575M","context":"securitized office loan"},{"amount":"$1.3 billion","context":"value of Winthrop Center mixed-use tower"},{"amount":"$26.1 billion","context":"JLL annual revenue"}]},"materialImpact":{"score":2,"reasoning":"JLL successfully arranged a substantial $856M financing package for a high-profile client, demonstrating strong capability in ESG/Passive House capital markets. However, single transaction announcements are standard operational wins for a large-cap firm and rarely move the stock significantly."},"tickerRelevance":{"others":[{"ticker":"MS","relevance":"lender"},{"ticker":"BCS","relevance":"lender"}],"primary":"JLL"},"globalImportance":15,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"esgAngle":true,"tickerTier":"mid-large cap","eventGravity":"advisory deal announcement","sectorWeight":"Real Estate"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"JLL's Capital Markets group advised Millennium Partners on $856 million in total financing for the landmark Winthrop Center in Boston.\n\nThe deal consists of a $281 million C-PACE loan from Nuveen Green Capital for the residential component and a $575 million securitized loan from Morgan Stanley and Barclays for the office space.\n\nThe project is notable for containing the world's largest Passive House-certified office building, reflecting strong institutional demand for sustainable assets.","key_figures":{"revenue":26100000000,"dealValueUsd":856000000,"customDimensions":{"cpace_loan":281000000,"office_loan":575000000,"project_value":1300000000}},"named_entities":{"people":[{"name":"Christopher M. Jeffries","role":"Founder of Millennium Partners"},{"name":"Riaz Cassum","role":"Executive Managing Director, JLL"},{"name":"Mike Doty","role":"Senior Director of Originations, Nuveen Green Capital"}],"products":["The Millennium Residences","The Offices at Winthrop Center","Winthrop Center"],"companies":[{"name":"Millennium Partners","relationship":"client"},{"name":"Nuveen Green Capital","relationship":"lender"},{"name":"Morgan Stanley","relationship":"lender"},{"name":"Barclays","relationship":"lender"}],"dollarAmounts":[{"amount":"$856M","context":"total financing advised by JLL"},{"amount":"$281M","context":"C-PACE residential inventory loan"},{"amount":"$575M","context":"securitized office loan"},{"amount":"$1.3 billion","context":"value of Winthrop Center mixed-use tower"},{"amount":"$26.1 billion","context":"JLL annual revenue"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-26T15:04:56.324Z","global_importance":15,"audience_relevance":25,"importance_components":{"esgAngle":true,"tickerTier":"mid-large cap","eventGravity":"advisory deal announcement","sectorWeight":"Real Estate"}},"durationMs":null,"modelName":"glm-4.7"}}