April 14, 2017 Comments Off on Synergy Acquires Boston Asset from Shorenstein for $365M Views: 364 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

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For comments, questions or concerns, please contact Dennis Kaiser

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