BOSTON-DivcoWest, a private real estate investment firm with offices in San Francisco and Boston, and Boston-based Synergy Investments, LLC, announced Friday that they have completed the purchase of the Seaport Wharf here. Terms of the transaction were not disclosed but market sources valued the sale at $53 million.
The DivcoWest purchase was made on behalf of the firm's Fund 3 investment fund. The Seaport Wharf portfolio consists of two office buildings, 319 A St. and 327-337 Summer St., totaling 133,718 square feet and a 650 space parking garage located at 10 Necco St.
The transaction represents the last remaining sale of assets in the 17-property portfolio, originally purchased by the Archon Group from the Boston Wharf Co. in July 2005.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
