BOSTON—In their fifth downtown property acquisition in recent months, DivcoWest of San Francisco and locally-based Synergy Investments have completed the purchase of the 55 Summer St. office building.
The partners paid $48 million for the 125,000-square-foot fully leased office building, according to industry sources. The property, like its other holdings in the area, is located near the Downtown Crossing and South Station MBTA stations.
Last month, DivcoWest and Synergy closed on 38 Chauncy St., a 152,000-square-foot office building, and earlier this year the Divco-Synergy partnership purchased 71, 77 and 87 Summer St., a three-building portfolio totaling approximately 90,000 square feet.
DivcoWest also purchased nearby One Winthrop Square, a 114,000-square-foot office building in the Downtown Crossing area in December 2013. Synergy owns and operates numerous buildings in Downtown Boston, including 101 Summer St., 99 Chauncy St., 100 Franklin St., and 294 Washington St., which it acquired in January 2014.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
