April 14, 2017 Comments Off on Synergy Acquires Boston Asset from Shorenstein for $365M Views: 484 Massachusetts, National News, Northeast

Synergy Acquires Boston Asset from Shorenstein for $365M

Synergy Investments acquired Center Plaza from a fund affiliated with San Francisco-based Shorenstein Properties for $365 million. The distinctive, curved 741,200-square-foot urban mixed-use asset is located next to Boston’s Government Center.

The acquisition is the largest so far for the Boston-based real estate firm. In 2014, Shorenstein acquired the office and retail complex for $307 million.

The nine-story Center Plaza complex is spread across three interconnected buildings, with pedestrian-friendly retail at the street level and 525 parking spaces. The property is roughly 60% occupied to such tenants as Localytics and Salsify Inc.

NGKF Capital Markets’ Robert Griffin, Edward Maher, Matthew Pullen and James Tribble handled the sale.

Read more at Boston Business Journal

Connect With Synergy Investments

Connect With NGKF’s Griffin

Subscribe to Connect Daily National

For comments, questions or concerns, please contact Dennis Kaiser

Tags: , ,

Comments are closed.