Rockpoint Group Purchases 100 Summer Street Office Tower In Boston For $260 Million

100 Summer Street is an office asset located in Boston, MA. It is a 32-story office tower that Rockpoint Group acquired following a foreclosure by Wells Fargo. The purchase price for this property was $260,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $260,000,000
• Buyer: Tom Gilbane & Aric Shalev
• Buyer's Company: Rockpoint Group
• Previous Purchase Price: $806,000,000
• Foreclosure Bank: Wells Fargo
• Market: Boston, MA

Tom Gilbane and Aric Shalev, representing Rockpoint Group, were the buyers involved in the auction for 100 Summer Street. The transaction occurred after Wells Fargo executed a foreclosure on this asset, which they previously purchased for a significantly higher amount in 2019.