BOSTON-HFF was responsible for closing the $107 million sale of an office portfolio in the seaport district here. The portfolio includes four office properties spanning a total of 362,562 square feet in the blossoming Fort Point neighborhood. The asset breakdown is as follows: 300 A Street (106,171 square feet), 313 Congress Street (70,217 square feet), 330 Congress Street (35,811 square feet) and 51 Sleeper Street (150,363 square feet).

The properties in question were sold by Brickman Associates, and the HFF team of Coleman Benedict and Ben Sayles represented the seller. These buildings were bought by DivcoWest Properties. In a statement from HFF, Benedict, also senior managing director, described investor interest as being “incredibly strong” in the neighborhood. He also observed that “the Seaport is one of nation’s most exciting submarkets.”

“The Fort Point Channel is marked by rising tenant demand and diminishing supply,” he added.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.