Saturday, January 24, 2015

HFF closes $105.625 million sale of Three-building office portfolio Boston’s Seaport District


300 A Street, 313 Congress Street and 330 Congress Street, Boston, MA

Coleman Benedict
BOSTON, MA – HFF announced it has closed sale of three best-in-class, creative office assets totaling 221,064 square feet and 35 parking spaces.  The three buildings are all located in Boston’s thriving Seaport District.    

                HFF exclusively marketed the offering on behalf of the seller, DivcoWest, and procured buyer Multi-Employer Property Trust (MEPT), an institutional investor advised by Bentall Kennedy, in this $105.625 million transaction.

                The offering included 300 A Street, 313 Congress Street and 330 Congress Street, all of which are former warehouse buildings that have been converted to high-quality creative spaces featuring exposed ceilings, open floor plans, sandblasted brick walls and timber columns.

 The buildings are steps from South Station, Boston’s major multi-modal transportation hub and feature immediate access to an abundant amenity base including numerous dining, retail and entertainment destinations. 

Ben Sayles
                The HFF investment sales team representing the seller was led by senior managing director Coleman Benedict, director Ben Sayles and real estate analyst Patrick McAneny.

“The Fort Point Channel area is one of Boston’s most exciting neighborhoods,” said Benedict.  “In this acquisition, MEPT and Bentall Kennedy have acquired irreplaceable assets in a submarket that is marked by massive tenant in-migration and strong barriers to entry.” 


For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com


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