Normandy Takes Three Hub Assets for $75M

BOSTON-Normandy Real Estate Partners apparently likes Summer in Boston a lot–Summer Street that is. After securing the Hub’s 99 Summer St. office tower a few months ago as part of a New England commercial portfolio buy, the New Jersey-based real estate investment firm is now said to have at least three other Summer Street assets under agreement and possibly even a fourth.

Sources tell GlobeSt.com that Normandy has emerged the top bidder for 273, 281 and 321 Summer St., reportedly paying close to $75 million for the 270,000-sf package.

Calls to Normandy officials were not returned by press deadline, while a broker for the seller, Archon Group LP, declined comment. That broker, Coleman Benedict of Holliday Fenoglio Fowler, would neither confirm nor deny that a deal had been struck. Others said to have competed hard for the properties include Everest Partners LLC and a partnership of AEW Capital Management and Saracen, two local players who teamed up last year to buy One Washington Mall in downtown Boston.