"We have a lot of high expectations for the overall Seaportoffice market," Michael Bernstein, with Brickman, tellsGlobeSt.com, referring to the firm's strong interest in the SouthBoston waterfront area. "There are a lot of factors fueling arenaissance in that part of the city. Whether its lofts combinedwith retail combined with office, the federal courthouse and thechildren's museum, there's a focus of energy there." The JLL teamalso landed the buyer.

Located in the Fort Point Channel area near Boston's FinancialDistrict and South Station, the six-story Harbor Corporate Centerat 300 A St. was built in 1904 and renovated in 2005 to accent theoriginal brick-and-beam construction, expansive window lines andhigh ceilings. The property, which lies adjacent to the recentlycompleted Boston Convention Center, is 96% occupied by fivetenants, including architectural firms Elkus/Manfredi Architectsand Bargmann Hendrie.

Scott Jamieson, with Jones Lang LaSalle's Boston office,assisted the seller along with colleagues Michael Smith, CappyDaume and Gail McDonough. Jamieson tells GlobeSt.com the offeringsparked "tremendous competition" among potential buyers because ofits prime Seaport location, strong tenant mix and recentrenovations.

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
NOT FOR REPRINT

© 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.