Flatley Co. Selling Portfolio to KS Partners

BRAINTREE, MA-The Hill may be staying in the Flatley Co.’s hometown real estate portfolio, but just about every other office property it has in this South Shore community is changing hands, according to sources. KS Partners LLC has reportedly tied up nearly a dozen buildings surrounding Flatley’s headquarters at the Braintree Hills Office Park, which GlobeSt.com reported last week was abruptly removed from the sales block after being offered for $120 million.

Founder and Boston real estate icon Thomas Flatley did not return phone calls on the matter, while a spokeswoman for KS Partners president Kambiz Shahbazi says the company would not comment on “rumors.” Shahbazi is a New York City-based investor with a knack for successfully repositioning commercial properties. A one-time retail specialist now focused on office/flex assets, Shahbazi has been active in New England for nearly a decade, purchasing nearly 70 properties and 4.6 million sf in that time. The roster includes 2007 acquisitions in Boston, Dedham and Wilmington that alone total more than $65 million.