BOSTON—The Boston office of Colliers has orchestrated a deal for the sale of the 22-story building at 100 Cambridge Street, to Boston-based real estate company, Intercontinental Real Estate Corporation, for $280 million.
Colliers International's investment sales team in Boston, with support from its retail and downtown office leasing groups, brokered the leasehold interest sale between MassDevelopment and Intercontinental. Colliers International's Douglas Jacoby and Scott Dragos, both senior vice presidents, were the drivers behind this massive transaction.
The 600,000-square-foot property, owned by the Commonwealth of Massachusetts, was leased to Mass Development, an organization that works with businesses, nonprofits, and local, state, and federal officials and agencies to strengthen the Massachusetts economy. The state will lease floors 2-12 until 2052.
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
Already have an account? Sign In Now
© 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
