Connect Media > National News > Northeast > Massachusetts > CommonWealth Claims Boston Seaport Building for Record $450M from Tishman Speyer

August 27, 2018 Comments Off on CommonWealth Claims Boston Seaport Building for Record $450M from Tishman Speyer Views: 3850 Massachusetts, National News, Northeast

CommonWealth Claims Boston Seaport Building for Record $450M from Tishman Speyer

Order Reprints...

Los Angeles-based CommonWealth Partners is reportedly acquiring 200 Pier Four, a new 370,000-square-foot office building in Boston, from New York-based Tishman Speyer for $450 million. The 13-story, LEED Gold, trophy asset at 140 Northern Ave. is located in Boston’s dynamic Seaport District, and was developed in 2018.

The more than $1,200-per-square-foot sales price would rank among the highest prices ever recorded for a Boston office building. Tenants in the roughly 95%-leased property include Boston Consulting Group, which claimed about half the tower’s space for a global HQ, Cengage Learning and Man Numeric.

NKF’s Rob Griffin brokered the deal for developer, Tishman Speyer, which is also building Pier 4’s final phase next door, a nine-story luxury condo project with 106 units priced in the $2 million and up range.

Read more at Boston Globe

Connect With CommonWealth Partners

Connect With NKF’s Griffin


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.