Jory Hennick Of Hennick Group Acquires Retail Collection In Boston For $83M

The Hennick Group has acquired the Mandarin Oriental Retail Collection located at 772 & 776-778 Boylston Street in Boston, MA. The transaction was completed for a total of $83 million, translating to approximately $2,876 per square foot. This retail asset encompasses a total of 28,856 square feet and is reported to be 82.8% leased, housing tenants such as Citizens Bank, Frette, MiniLuxe, and Lunette Optic.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $83,000,000
• Square Footage: 28,856
• Price Per Square Foot: $2,876
• Address: 772 & 776-778 Boylston Street
• Market: Boston, MA
• Buyer: Jory Hennick - Hennick Group
• Broker: JLL Capital Markets

JLL Capital Markets played a key role in arranging this deal, facilitating the transaction between the parties involved. The Hennick Group is positioned to benefit from the current occupancy of the property and the presence of well-known tenants.