SOLD
Related Companies Acquires 50% Interest In Boston Office Property For $355M
17-25 Drydock Avenue
Office
1,400,000 SF
1,400,000 SF
Sold 1 year ago
Summary
Sale
MASSACHUSETTS
Office
1,400,000 sqft
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.
Details
SOLD
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: $254View on map
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Address17-25 Drydock Avenue
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