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WELLESLEY, MA-The Blackstone Group‘s Equity Office Properties is continuing its disposition of Boston-area assets. The latest to trade is Wellesley Office Park, a 649,184-square-foot office park here that fetched $237 million. The Boston Business Journal was the latest to report that the buyer was Toronto-based Manulife Financial Corp.; a spokeswoman for Manulife did not provide a definitive answer confirming or denying the report. 

An HFF team led by Coleman Benedict and Ben Sayles, hired by Blackstone in September, represented the seller in the deal. “Wellesley Office Park can easily be considered ‘best in class’ and embodies all the long-term criteria standards of institutional investors: irreplaceable setting, convenient access, on-site amenities and marquee tenancy,” says Benedict. “This distinction is overused in today’s environment and only truly applies to those office properties that consistently outperform their peer group, regardless of market conditions.”

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