Asset: Office/Retail
Location: Boston, MA
SF: 205,972 SF
Acquisition date: September 2025
Investment Rational: an over 200,000 SF, six-story brick-and-beam office and retail condominium, located in Boston’s North Station submarket, steps from TD Garden and the North Station transit hub serving more than 40,000 daily commuters. Featuring expansive 37,500 SF floor plates, ceiling heights up to 16 feet, 4 inches, and sweeping harbor views, the property combines historic character with modern flexibility. The four residential floors above are not included in the sale.
Currently 26% leased—with occupancy projected to decline to 7% by mid-2026—the property offers a rare opportunity to acquire a well-located asset below replacement cost, with substantial upside through strategic lease-up and repositioning.