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Brickman Completes Sale of Boston Office Portfolio

DivcoWest Picks Up Seaport Market Assets for $107 Million
November 27, 2012
Brickman Real Estate completed its disposition of multiple office properties in Boston's sought-after Seaport Market to DivcoWest Properties, a privately owned real estate investment firm with offices in San Francisco and Boston. The office portfolio traded for $106.75 million.

A team from HFF led by Coleman Benedict and Ben Sayles exclusively represented the seller and procured the buyer.

Originally constructed as wool warehouses, the buildings in Boston's Fort Point neighborhood have been converted into loft-style office spaces and benefitted from major capital improvements under Brickman’s ownership. The 363,000-square-foot portfolio consists of:
  • 300 A St., a five-story, 99,154-square-foot, Class A office building;

  • 313 Congress St., a six-story, 70,241-square-foot, Class B structure;

  • 330 Congress St., a six-story, 35,958-square-foot, Class B property;

  • 51 Sleeper St., an eight-story, 149,121-square-foot, Class B building.

HFF represented both parties.

Please refer to CoStar COMPS #2605283 for more information on this transaction.

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