HFF closes $106.7m sale of four office buildings in Boston’s Seaport District
HFF, a provider of commercial real estate and capital markets services, said that it has closed the $106.75 million sale of a portfolio of four office buildings in the Fort Point neighborhood of Boston’s Seaport District.
HFF said it exclusively represented the seller, Brickman Associates, and procured the buyer, DivcoWest Properties.
The portfolio includes office buildings at 300 A St., 313 Congress St., 330 Congress St., and 51 Sleeper St. Originally constructed as wool warehouses, the buildings collectively have nearly 363,000 square feet of space.
“These are all buildings with great bones in a dynamic submarket of Boston that is rapidly growing in its appeal for companies seeking creative workplace environments,” Stuart Shiff, chief executive of DivcoWest, said in a statement.
In addition to the sale of the portfolio, HFF also arranged the $31.4 million acquisition financing for 51 Sleeper St., which was led by Eastern Bank.Chris Reidy can be reached at firstname.lastname@example.org.