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99 High Street

David Greaney Of Synergy Acquires 99 High Street Office Tower In Boston For $227M
SOLDOffice

David Greaney Of Synergy Acquires 99 High Street Office Tower In Boston For $227M

99 High Street

$227,000,000

$310/SF

Building Size

730,208 SF

Asset Type

Office

Closing

Apr 24, 2025

AI

99 High Street is a 32-story Class A office tower located in Boston’s Financial District. The asset spans 730,208 square feet and has been acquired for a total price of $227,000,000, which equates to approximately $311 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $227,000,000
  • Address: 99 High Street
  • Market: Boston, MA
  • Square Footage: 730,208
  • Price Per Square Foot: $311
  • Buyer: David Greaney
  • Company: Synergy

David Greaney, representing Synergy, has expanded the firm's downtown portfolio with this acquisition, which also includes properties at 1 India Street and 101 Arch Street.

Players

David Greaney

Synergy

Buyer

$356.5M

vol

6 deals

Buyer

Boston Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93