Clarion Partners LLC has purchased a six-property, 407,458-square-foot office portfolio in Boston’s Seaport District for $129.3 million. 

Coleman Benedict and Ben Sayles of HFF exclusively represented the seller, a joint venture of Angelo, Gordon & Co. and National Development.

The portfolio is a collection of separate "brick and beam" office buildings located in the Fort Point neighborhood, part of Boston’s Seaport District. It is comprised of the following assets: 33-41 Farnsworth Street (94,314 square feet), 34 Farnsworth Street (24,378 square feet), 44 Farnsworth Street (93,824 square feet), 332 Congress Street (34,412 square feet), 374 Congress Street (96,236 square feet) and 263 Summer Street (64,204 square feet).  Originally constructed for manufacturing and warehouse uses, these assets have been converted into modern office spaces.

 "These buildings have great bones and really lend themselves to today’s tenants which require open spaces, abundant infrastructure and collaborative work environments," said Coleman Benedict, Senior Managing Director of HFF in a statement. 

The purchase was completed with $65 million in financing from Bank of America; the remainder was cash.

Clarion Partners Buys Six Office Properties In Boston’s Seaport District For $129.3M

by Banker & Tradesman time to read: 1 min
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