Boston is getting a new landlord: a German pension fund just purchased the new Converse HQ in Brighton, MA. Boston continues to see an inflow into all asset classes against all price points.
• 232,000 Square Feet
• 197,000 of office
• 45,000 of retail
• 23,200 is the typical floor size
• 10 Stories
A Banker&Tradesman article notes that “at $800 per square foot, the transaction [for Boston’s Lovejoy Wharf] is slightly higher than the $750 per foot range for Class A office buildings that have sold in Boston this year. Approximately $8 billion in Greater Boston office deals have taken place in 2015, including nearly three-quarters to foreign investors.”
You can read more on the sale of the new Converse HQ on Banker&Tradesman, here.