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North Colony Asset Management And North River Company Acquire Office Portfolio In Boston For $52M

Property Image
SOLD
$52,000,000
Frank Petz
Rob Schlesinger
+ 2

Massachusetts

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Office252,760 SF
Sold 12/18/2025
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Property Image
SOLD

North Colony Asset Management And North River Company Acquire Office Portfolio In Boston For $52M

10 Channel Center Street

See Similar Deals
Office252,760 SF
Sold 12/18/2025
Frank Petz
Rob Schlesinger
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$205
Total Square Footage:252,760 SF
Transaction Type:Sale

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:

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

Matthew (Matt) Sherry
27 deals$1.3B volume(401) 378-2844
BROKER

Frank Petz
Colliers
29 deals$1.3B volume
BROKER

Rob Schlesinger
Colliers
14 deals$498.6M volume(503) 499-0076
BROKER

Jack Barrett
Colliers
10 deals$321.1M volume
BROKER

Daniel Hincks
Colliers
10 deals$314.1M volume
BROKER

Colliers
BROKERAGE

Details

SOLD
IMAGE: Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks & Jack Barrett DATE: 12/18/2025 ADDRESS: 10-20 Channel Center Street MARKET: Boston, MA ASSET TYPE: Office BUYER: North Colony Asset Management & North River Company BUYER'S REP: Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks (@D_Hincks) & Jack Barrett - Colliers (@ColliersInternational) SALE PRICE: $52,000,000 SF: 252,760 ~ PPSF: $205 NOTE FROM BUYER'S REP: Colliers represented North Colony and North River in the acquisition of a $52M three building, office portfolio located at 10-20 Channel Center in Boston, MA

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,773,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35