North Colony Asset Management Acquires Office Building At 343 Congress Street In Boston For $48M

The office asset located at 343 Congress Street in Boston, MA, was sold for $48,000,000. This property encompasses a total of 115,000 square feet and reflects a price per square foot of $417. It is situated in the Boston market, specifically in the Fort Point area. The building features a historic brick-and-beam design and is anchored by Chewy. The previous owner, BGO, had acquired the property in 2015.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $48,000,000
• Address: 343 Congress Street
• Market: Boston, MA
• Square Footage: 115,000
• Price Per Square Foot: $417
• Buyer: Brian Antonellis, Mario Valdivia Bernstein & Chip Palumbo - North Colony Asset Management
• Seller: Sonny Kalsi - BGO
• Brokerage Firms: Edward Maher, Grady Zink, James (Jim) Tribble, Matthew (Matt) Pullen, Robert (Rob) Griffin, Samantha Hallowell & William (Will) Sleeper - Newmark

North Colony Asset Management purchased the property as their first investment with Fund 9. The transaction saw notable involvement from multiple brokers representing the interests of both the buyer and seller, facilitating the exchange effectively.