Boston

In conjunction with Benskin's promotion, Winn named William Wollinger as chief asset officer of WinnCompanies to focus on the Winn-owned portfolio and certain high-profile, high impact WinnDevelopment projects across the country.

Thor Equities acquired the property last month to add to the firm's dedicated life sciences platform and meet the demand for laboratory and research and development space in the region.

The deal marked the first sale in JAG's Income Fund. The community was acquired through a joint venture with KKR and JAG in 2017.

The nine-acre property at 3130 Route 10 was sold by Denville Commons Associates LP. Cushman & Wakefield represented the seller and procured the buyer in the transaction.

The Asian investor contributed approximately $26 million for the 12th property in addition to the approximately $82 million contributed for the initial 11 properties last month.

The Philadelphia-based retail REIT estimates the measures will create nearly $300 million in incremental liquidity.

In addition, the REIT states that several planned portfolio sales will likely be delayed until later this year or next year due to the lack of financing available for hotel transactions.

Multiple published reports state the sale price for the property was $614 million, making the deal the largest sale price recorded for an office asset year-to-date in Boston's Central Business District.