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