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Related Companies Acquires 50% Interest In Boston Office Property For $355M

17-25 Drydock Avenue
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This Office property located in MA was sold for $355,000,000 over 3 years ago.

The office property located at 17-25 Drydock Avenue in Boston, MA was sold in a recent transaction. The sale took place on 12/21/2020, and the property was sold for a price of $355,000,000. The total square footage of the property is approximately 1,400,000, resulting in a price per square foot of $254. The sale involved a 50% interest in the asset.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $355,000,000
  • Address: 17-25 Drydock Avenue, Boston, MA
  • Market: Boston, MA
  • Interest: 50%

The seller of the property was Jamestown, represented by Matt Bronfman. The buyer was Related Companies, represented by Patrick Sweeney. The deal was facilitated by the brokerage firm Newmark.

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Deals
  • Location
    17-25 Drydock Avenue, Boston, MA, USA17-25 Drydock Avenue, Boston, MA, USA
  • Sale Price
    $355,000,000$355,000,000
    $253 PPSF$253 PPSF
  • Area
    1,400,000 SF1,400,000 SF
  • Asset Type
    OfficeOffice

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Deal Summary

SALE IMAGE: Matt Bronfman, Stephen Ross, & Jeff Blau DATE: 12/21/2020 ADDRESS: 17-25 Drydock Avenue MARKET: Boston, MA ASSET TYPE: Office INTEREST: 50% SELLER: Jamestown - Matt Bronfman BUYER: Related Companies - Patrick Sweeney BROKER: Newmark SALE PRICE: $355,000,000 SF: 1,400,000~ PPSF: $254

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