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.
HFF, which marketed the Boston property, announced the closing of the 116 Huntington building. Soundport Capital LLC acted as an advisor to the seller. The HFF investment sales team representing the seller was led by senior managing director Coleman Benedict, director Ben Sayles and real estate analyst Patrick McAneny.
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