Wednesday, June 6, 2012

HFF closes $40 million sale of 441 Stuart Street in Boston




                                                                         
 BOSTON, MA – HFF announced today that it has closed the sale of 441 Stuart Street (top centered photo), a 163,770-square-foot office building in Boston, Massachusetts. 

HFF marketed the property exclusively on behalf of the seller, ST Residential.  Synergy Investments purchased the property for $40 million free and clear of debt.

Located in the epicenter of Boston’s 24/7 core, 441 Stuart Street is an Art Deco-style building near Boston’s Back Bay and South End neighborhoods.  The property provides nearby access to public transportation in addition to having ground-floor retail space. 

The HFF team representing the seller was led by managing director Coleman Benedict (middle right photo) and director Ben Sayles lower left photo).

“This asset was particularly attractive to investors due to its premier location and value-add components,” said Benedict.  “In the end, Synergy provided the most compelling bid for our client.”

Synergy Investments is a Boston-based real estate investment firm focused on the acquisition and operation of office, retail and residential assets, and their associated debt.

Contacts:

COLEMAN J. BENEDICT                            
HFF Managing Director                                 
(617) 338-0990                                                 
cbenedict@hfflp.com                                                                                 

OLIVIA HENNESSEY
HFF Associate, Marketing  
(713) 852-3500   

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