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Columbia Closes Back Bay $152M Office Buy

BOSTON—Columbia Property Trust, Inc. has closed on the $152-million purchase of 116 Huntington Ave., a 274,218-square-foot office building located in Boston's Back Bay submarket here.

By John Jordan | Updated on January 16, 2015

BOSTON—Columbia Property Trust, Inc. has closed on the $152-million purchase of 116 Huntington Ave., a 274,218-square-foot office building located in Boston’s Back Bay submarket here.

The Atlanta-based company announced it was buying the office building from Broadway Partners earlier this month. In a separate transaction, Columbia also acquired a two-property portfolio from Spear Street Capital in an off-market transaction for a total purchase price of approximately $436 million. That deal included 315 Park Ave. South, a newly-renovated, 341,330-square-foot, historic Class-A office building in New York City’s Gramercy Park neighborhood and 1881 Campus Commons Drive, a 244,565-square-foot, Class-A office building in Reston, VA.

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