Search
 

Brickman Takes Boutique Office in $41M Buy

BOSTON-Brickman Associates acquires its fourth Boston office property in six months with the $41-million purchase at Government Center.

By Beverly Ford | Updated on October 18, 2006

BOSTON-After only entering the market six months ago, New York-based Brickman Associates just picked up its second Boston office property in less than two months and its fourth since April.

In its latest local buy, Brickman acquired an 11-story, 132,497-sf boutique office building in Government Center for $41 million from HN Gorin. That firm also sold Brickman a 10-story, 125,719-sf office and retail building at 55 Summer St. here for $37.2 million less than two months ago.

“We’re very positive on the Boston office market,” one Brickman executive, who did not want to be identified, tells GlobeSt.com. “For us, it’s a target market with strong fundamentals. We believe there is significant upside to come.”

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.