Lendlease Group & Ivanhoe Cambridge Inc Acquire Development Site In Boston For $67M

Located in Boston, MA, the development site at 60 Guest Street has been sold for a hefty price of $67,000,000. The property spans across 1.2 acres, resulting in a price per acre of approximately $55,833,333. The transaction took place on March 17, 2021.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $67,000,000
• Address: 60 Guest Street, Boston, MA
• Market: Boston, MA
• Seller: NB Development Group
• Buyer: Lendlease Group & Ivanhoe Cambridge Inc
• Brokers: Coleman Benedict & Kerry Hawkins - JLL Capital Markets
• Acres: 1.2
• Price per Acre: $55,833,333

The sale of 60 Guest Street was facilitated by JLL Capital Markets, with Coleman Benedict and Kerry Hawkins acting as brokers for the buyer and seller. The acquiring parties, Lendlease Group and Ivanhoe Cambridge Inc, successfully secured this lucrative development site from NB Development Group on the mentioned date.