Aegean Capital LLC Makes First Buy in Hub

BOSTON-The mystery buyer of 268 Summer St. has stepped forward, and the real estate investment group is already looking beyond the doorway of that eight-story, 68,000-sf office building. “We like Boston a lot,” says Costa Alexakos, who formed Aegean Capital LLC just weeks before grabbing the Summer Street asset for $16.3 million. “Its fair to say that is our core market right now.”

The New York City-based company also has a medical office building under agreement in Stamford, CT, and is exploring deals in south Florida, says Alexakos, who is a co-founder of Everest Partners LLC. That firm has been active in New England for several years, having purchased dozens of local properties, including three in Downtown Boston.

Aegean Capital shares Everest’s New York City headquarters and Alexakos is still involved in the company, but says he will soon depart and focus on Aegean Capital while Kambiz Shahbazi, the other co-founder, continues Everest Partners. “We’re basically going to split into two,” he says. A handful of Everest’s properties in Greater Boston will be put under Aegean’s control, Alexakos also confirmed, although he declined to identify the assets until that process is finalized. The firm will open a management office in Peabody to service the local portfolio, he says.