Mai Luo Affiliate Purchases 11-Story Office Building In Boston From Matt Bronfman For $30M

An 11-story office building, located at 18 Tremont Street in downtown Boston, has been sold. The transaction involved an affiliate of Mai Luo as the buyer, with the property sold for $30 million. This sale reflects a 7% discount from its previous sale price and represents a significant reduction from the $103 million paid by Jamestown in 2019.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $30,000,000
• Buyer: Affiliate of Mai Luo
• Seller: Matt Bronfman - Jamestown
• Address: 18 Tremont Street
• Market: Boston, MA

The deal highlights the involvement of Matt Bronfman, representing Jamestown, in the sale of the property. This transaction indicates a shift in the asset's market valuation since its earlier purchase in 2019.