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
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