BOSTON—In their fifth downtown property acquisition in recentmonths, DivcoWest of San Francisco andlocally-based Synergy Investments havecompleted the purchase of the 55 Summer St. officebuilding.

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The partners paid $48 million for the 125,000-square-foot fullyleased office building, according to industry sources. Theproperty, like its other holdings in the area, is located near theDowntown Crossing and South Station MBTA stations.

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Last month, DivcoWest and Synergy closed on 38 Chauncy St., a152,000-square-foot office building, and earlier this year theDivco-Synergy partnership purchased 71, 77 and 87 Summer St., athree-building portfolio totaling approximately 90,000 squarefeet.

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DivcoWest also purchased nearby One Winthrop Square, a114,000-square-foot office building in the Downtown Crossing areain December 2013. Synergy owns and operates numerous buildings inDowntown Boston, including 101 Summer St., 99 Chauncy St., 100Franklin St., and 294 Washington St., which it acquired in January2014.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.