North Colony Asset Management And North River Company Acquire Office Portfolio In Boston For $52M
10 Channel Center Street
$52,000,000
$205/SF
Building Size
252,760 SF
Asset Type
Office
Closing
Dec 17, 2025
AI
This transaction involves the sale of an office portfolio located at 10-20 Channel Center Street in Boston, MA. The property comprises three buildings with a total area of 252,760 square feet, and the sale was completed for a price of $52,000,000, resulting in a price per square foot of $205.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $52,000,000
- Address: 10-20 Channel Center Street
- Market: Boston, MA
- Square Footage: 252,760
- Price per Square Foot: $205
- Buyer: North Colony Asset Management & North River Company
- Buyer's Representative: Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks & Jack Barrett - Colliers
Colliers represented North Colony and North River in the acquisition of this office portfolio, demonstrating their involvement in navigating the complexities of the transaction.
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93