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John Hancock Sells Two Downtown Properties to Partnership

BOSTON-John Hancock Financial Services Inc. sells its two adjoining properties located in the heart of the city's downtown area to NY-based the Related Cos. LP and locally based Beal Cos. LLP. The properties consist of a 61,110 sf building and an 18,000 sf parking lot.

By Naomi Grossman | Updated on June 20, 2003

BOSTON-After a year on the market, John Hancock Financial Services Inc. is selling its two adjoining properties located in the heart of the city’s downtown area to NY-based the Related Cos. LP and locally based Beal Cos. LLP.

The properties include the 61,110 sf 131 Clarendon St. building, which is home to the Hard Rock Café, and an adjacent 18,000 sf parking lot at the corner of Stuart and Clarendon streets. Roy Anderson, a second vice president of public relations at Hancock tells GlobeSt.com that the transaction will close within a year, but terms of the deal are not being disclosed.

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