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Synergy Secures Office Building for Over $11M

BOSTON-The six-story, 53,000-sf property is located in the fringe North Station business district.

By Joe Clements | Updated on May 18, 2008

BOSTON-After a spirited leasing campaign brought vacancy to 100% earlier this spring, the owners of 100 North Washington St. have divested the six-story, 53,000-sf building for $11.7 million, sources have told GlobeSt.com. A.W. Perry Co. traded the asset to Synergy Investment & Development, a private Boston-based group sporting a growing portfolio of properties in the city.

The off-market 100 North Washington St. transaction was reportedly orchestrated by NAI Hunneman Commercial Co. SVP Jonathan Gifford, who was unavailable for comment by press deadline. Also officials at Synergy and A.W. Perry did not respond to inquiries, but sources insist the deal has been consummated. A.W. Perry had owned the building for nearly 10 years, acquiring it in July 1998 for $6.0 million.

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