27 August 2026 • 2 minute read
DLA Piper advises Nuveen Green Capital on C-PACE financing for Winthrop Center residential project
DLA Piper advised Nuveen Green Capital, a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, in the largest project financed through the PACE Massachusetts program to date: a US$281 million private financing for Millennium Residences at Winthrop Center, the residential component of Boston's mixed-use Winthrop Center development. The transaction was also the largest C-PACE transaction in New England history.
Developed and owned by Millennium Partners, Winthrop Center is a mixed-use development in Boston that includes residential, office and public gathering spaces. The financing was provided through PACE Massachusetts, a MassDevelopment-administered program that supports energy efficiency and renewable energy investments. Nuveen Green Capital, a Nuveen subsidiary, acting in its capacity as capital provider under the PACE Massachusetts program, provided the funding for the project. Nuveen Green Capital is a national leader in sustainable commercial real estate financing solutions.
The DLA Piper deal team was led by Partner Heather Horowitz and included Partners Jay Williams (both New York) and Ryan Hanofee, and Associates Bobby Ferullo and George Lilov (all Boston).
With more than 200 lawyers in our real estate and construction practice in the US and 500 globally, DLA Piper's market-leading team offers a full range of real estate services, including acquisitions and sales, single asset, programmatic and operating company joint ventures, real estate fund formation, public and private REITs, financing, cross-border transactions, zoning and development, construction and design, leasing, restructuring, and workouts. The firm represents many of the world’s largest and most sophisticated real estate investors, owners, developers, and lenders in their most important matters.
Developed and owned by Millennium Partners, Winthrop Center is a mixed-use development in Boston that includes residential, office and public gathering spaces. The financing was provided through PACE Massachusetts, a MassDevelopment-administered program that supports energy efficiency and renewable energy investments. Nuveen Green Capital, a Nuveen subsidiary, acting in its capacity as capital provider under the PACE Massachusetts program, provided the funding for the project. Nuveen Green Capital is a national leader in sustainable commercial real estate financing solutions.
The DLA Piper deal team was led by Partner Heather Horowitz and included Partners Jay Williams (both New York) and Ryan Hanofee, and Associates Bobby Ferullo and George Lilov (all Boston).
With more than 200 lawyers in our real estate and construction practice in the US and 500 globally, DLA Piper's market-leading team offers a full range of real estate services, including acquisitions and sales, single asset, programmatic and operating company joint ventures, real estate fund formation, public and private REITs, financing, cross-border transactions, zoning and development, construction and design, leasing, restructuring, and workouts. The firm represents many of the world’s largest and most sophisticated real estate investors, owners, developers, and lenders in their most important matters.