CBRE/New England has arranged $88 million in acquisition and repositioning financing for The Block on Congress from Natixis Real Estate Capital.

The Block on Congress is a five-building portfolio consisting of nearly 343,000 square feet of office and retail space on more than one acre of land. Properties on the site include 82 Devonshire St./35 Congress St., 68 Devonshire St., 19 Congress St., 15 Congress St. and 54 Devonshire St. Related Real Estate Recovery Fund acquired the asset in December and Related Beal is leading the repositioning and serving as property manager.

The CBRE/New England Debt and Structured Finance team of Carlos Febres-Mazzei, Kyle Juszczyszyn and Josh Klimkiewicz negotiated the transaction on behalf of Related.

"We are thrilled to be able to partner with CBRE/NE to reimagine one of the most notable locations in downtown Boston and create a compelling and active retail and dining offering that will complement the ideally placed office space," Stephen Faber, executive vice president of Related Beal, said in a statement.