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Manulife Investment Management Sells Boston Property To Brickman For $128 Million

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SOLD
$128,000,000

Massachusetts

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Office184,643 SF
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SOLD

Manulife Investment Management Sells Boston Property To Brickman For $128 Million

541 Boylston St, Boston, MA, 02116

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Office184,643 SF
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$693
Total Square Footage:184,643 SF
Transaction Type:Sale

This article discusses the sale of an office building located at 541 Boylston St, Boston, MA, 02116. The property, which spans 184,643 square feet, was sold for $128,000,000. At the time of the sale, it was 98 percent leased to 38 tenants and offered access to Copley Square and the Raffles Hotel & Residences project currently in development.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: $128,000,000
  • Address: 541 Boylston St, Boston, MA, 02116
  • Market: Boston
  • Seller: Manulife Investment Management
  • Buyer: Brickman
  • Seller's Representatives: Matthew (Matt) Pullen, Edward Maher - Newmark

The transaction was facilitated by Newmark Knight Frank, with Edward Maher, Matthew Pullen, James Tribble, and Samantha Hallowell representing the seller, Manulife Investment Management. A joint venture between Bahrain-based Investcorp and New York-based Brickman acted as the buyer for the property.

Players

Matthew (Matt) Pullen
57 deals$6.2B volume
BROKER

Edward Maher
Newmark
57 deals$6.7B volume
BROKER

BUYER


Details

SOLD
IMAGE: 541 Boylston St, Boston, MA, 02116 MARKET: Boston SELLER'S REP: Matthew (Matt) Pullen, Edward Maher -Newmark BUYER: Brickman SELLER: Manulife Investment Management PRICE: $128,000,000.00 SF: 184643

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