BOSTON—Senior Housing Property Trust of Newton,MA has closed on the $1.125-billion acquisition of the two-buildingVertex Pharmaceuticals global headquartersproperty at Boston's Fan Pier.
The closing on the property at 50 Northern Ave. and 11 Fan PierBlvd. was reported by HFF, which marketed theproperty on behalf of the seller, the FallonCompany, and an institutional investor advised byCornerstone Real Estate Advisers LLC.
The complex, which was completed in December of last year,features two 16-story twin towers with office/research space,ground floor retail space and a 740-space garage. Vertex has leasedthe office/lab component of the property through 2029.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
