 |
| Ines Olesen |
BOSTON, MA – JLL Capital Markets
has closed the $41
million sale of 7 Post Office Square, a seven-story, 64,246-square-foot office
building in the heart of Boston’s Financial District.
 |
| Dave Dyer |
JLL represented the seller, Nuveen Real Estate, and
identified the buyer, Azora Exan Capital, following a formal marketing process.
The sale represents the first office trade in the Boston market since January
2022.
 |
| Chris Angelone |
Located at the intersection of Franklin
and Congress St, 7 Post Office Square boasts a prime Financial District
location fronting Post Office Square.
The transit-oriented building is across the street
from the Post Office Square Garage and just minutes from South Station, as well
as multiple MBTA stations and the commuter ferry.
The immediate area surrounding 7 Post Office Square
offers an abundance of amenities, including a variety of restaurants and
hotels, including the newly updated Langham Hotel, High Street Place and The
Exchange at 100 Federal Street.
 |
Coleman Benedict
|
The boutique commercial property has a
prominent corner location allowing for light on four sides of the building and
offers floor-to-ceiling windows, efficient floorplates and a highly visible
lobby featuring a Fidelity investor center branch.
Overall, 7 Post Office Square is 91 percent leased to
eight tenants and anchored by Fidelity Investments, who has occupied the
building since 1996.
The JLL Capital Markets Investment Sales
and Advisory team representing Nuveen was led by Senior Managing Director Chris
Angelone, Executive Managing Director Coleman Benedict, Senior
Director Scott Carpenter and Associates Scott Tully, Jr. and Brooke
Howard and Analyst Rachel Bliss.
 |
| Scott Carpenter |
The Nuveen team was led by Ines Olesen,
Senior Director, US Head of Dispositions for Workplace, Retail and Mixed-Use,
and Dave Dyer, Director, for Workplace, Retail and Mixed-Use.
The Azora Exan team was led by Managing
Partner Ignacio Gil-Casares and Senior Associate Nicolas Guemes.
“7 Post Office Square was a unique
opportunity with value permanence based on its prime location, architecture,
and visibility,” Angelone said. “This deal validates investor appetite for
differentiated assets in the right location.”
 |
Scott Tully, Jr
|
“7 Post Office Square offers exactly what
investors are seeking in today’s market: best-in-class product with long term
lease and strong tenancy,” added Nuveen’s Olesen.
Gil-Casares remarked, “7 Post Office
Square is the perfect example of the opportunity that we see to buy trophy
office buildings in prime locations. We want to continue this
opportunistic strategy in select markets.”
JLL Capital Markets is a full-service
global provider of capital solutions for real estate investors and occupiers.
 |
| Rachel Bliss |
The firm's in-depth local market and global investor
knowledge delivers the best-in-class solutions for clients — whether investment
sales and advisory, debt advisory, equity advisory or a recapitalization.
 |
| Brooke Howard |
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
For more news, videos and research
resources, please visit JLL’s newsroom.
Contact:
Kristen
Murphy
JLL Director
Public Relations
Phone: +1 617 543 5873
Email: Kristen.Murphy@jll.com
jll.com.
