Search
 

Oasis Acquires 235,000-SF Downtown Building

BOSTON-An affiliate of Oasis Development Enterprises purchases 10 Milk St., an 11-story building located in the heart of the financial district, from New York-based RAK Group LLC. This is the first purchase in the city for the real estate investment group, based in Lynn and Cambridge.

By Naomi Grossman | Updated on June 10, 2004

BOSTON-Oasis 10 Milk Street LLC, an affiliate of Oasis Development Enterprises, purchased 10 Milk St. from New York-based RAK Group LLC. This is the first purchase in the city for the real estate investment group, based in Lynn and Cambridge.

Harry Wight, president of Wight and Co., Oasis Development’s asset manager and advisor, confirmed for GlobeSt.com that the firm did purchase the building, but declined to reveal the sale price. According to local published reports the property was sold for $57 million or about $240 per sf.

The building was marketed by Cushman & Wakefield over a year ago, but was pulled off the market a few months later. A spokesperson for Cushman & Wakefield confirms that the firm was involved in the deal. Calls to Cushman & Wakefield’s Rich Herlihy, the broker on the transaction, were not returned by deadline.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.