Updated Sep 16, 2026
Eric Slifka Of Global Partners Signs 12-Year Lease For 125,000 SF Office In Boston
275 Grove Street
Building Size
125,000 SF
Asset Type
Office
Closing
Sep 15, 2026
About this deal
AI
The property involved in the transaction is an office asset located at 275 Grove Street in Boston, MA. The total square footage of the building is 125,000 square feet, highlighting its capacity for various business operations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Terms: 12 years
- Landlord: Phil Pappas - Greatland Realty Partners & Barings
- Tenant: Eric Slifka - Global Partners
Phil Pappas is representing Greatland Realty Partners and Barings as the landlords in this leasing transaction. Eric Slifka, as the tenant, has also acquired a 20% equity stake in the building, which strengthens the commitment of Global Partners in the property.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93