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| 116 Huntington Avenue, Back Bay submarket, Boston, MA |
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| Coleman Benedict |
BOSTON, MA – HFF announced it has closed the $152 million
sale of 116 Huntington Avenue, a trophy, 274,218-square-foot office
located in Boston’s Back Bay submarket.
HFF
marketed the property for the seller, Broadway Partners, and procured the
buyer, Columbia Property Trust.
Soundport Capital LLC acted as an advisor to the seller.
Originally constructed in 1991 and continually renovated and
upgraded throughout time, 116 Huntington is a boutique office building that
draws on the various demand sectors in Boston’s highest renting submarket.
In addition to the
on-site amenities, the building is within walking distance to the Shops at the
Prudential, Copley Place and the MBTA’s Back Bay Station, which provides access
to subway, bus, commuter rail and Amtrak services.
Rising to a height of 15 stories, the building offers unmatched
views of the Back Bay, Seaport, South End and the Charles River.
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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.
“Back Bay is one of the tightest markets in the country,”
Benedict said. “Given the concentrated,
institutional ownership in the area, the opportunity to acquire such a trophy
rarely comes along. Columbia is going
to do very well with this asset.”
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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