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131 State Street
SOLD

David Greaney's Synergy Acquires Mixed-Use Building In Boston For $62M

131 State Street

Mixed-use
99,400 SF
clock iconSold 173 days ago
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Summary

Sale
MASSACHUSETTS
Mixed-use
99,400 sqft

Synergy, led by David Greaney, has acquired One India, an 11-story mixed-use building on State Street in downtown Boston, for $62 million. The property, purchased from an affiliate of Equity Residential, encompasses 94 apartments, 20,000 square feet of office space, and houses restaurants Tiki Rock and Bostonia Public House as part of Synergy's strategic expansion in residential real estate holdings.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $62,000,000
  • Location: 131 State Street, Boston, MA
  • Size: 99,400 square feet
  • Price per Square Foot: $624
  • Buyer: David Greaney - Synergy
  • Seller: Mark J. Parrell - Equity Residential

David Greaney, representing Synergy, successfully negotiated the purchase of One India from Mark J. Parrell, who represented Equity Residential. This acquisition is part of Synergy's strategic expansion in residential real estate holdings, adding to their portfolio of mixed-use properties in downtown Boston.

Details

Deal Summary
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SOLD
IMAGE: David Greaney & Mark J. Parrell DATE: 01/22/2024 ADDRESS: 131 State Street MARKET: Boston, MA ASSET TYPE: Mixed-use BUYER: David Greaney - Synergy (@SynergyBos) SELLER: Mark J. Parrell - Equity Residential (@EquityRes) SALE PRICE: $62,000,000 SF: 99,400 ~ PPSF: $624 NOTE: Synergy, led by David Greaney, has acquired One India, an 11-story mixed-use building on State Street in downtown Boston, for $62 million. The property, purchased from an affiliate of Equity Residential, encompasses 94 apartments, 20,000 square feet of office space, and houses restaurants Tiki Rock and Bostonia Public House as part of Synergy's strategic expansion in residential real estate holdings.

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