Image courtesy of DBOX
A 50th-floor penthouse has sold for $14.1 million at Boston’s South Station Tower, and the buyer has ties to one of the office tenants in the $1.5 billion development.
Hobbs Brook Real Estate, a Waltham-based commercial developer, acquired one of the seven penthouses in the Ritz-Carlton Residences-branded condominium section of the tower.
Hobbs Brook is a subsidiary of insurer FM, which leased 57,000 square feet of office space at the South Station Tower last year.
A spokesperson for FM, formerly known as FM Global, declined to comment. In a statement, Hobbs Brook Real Estate said the acquisition “is part of the real estate portfolio for Hobbs Brook Real Estate,” but declined further comment.
HBRE’s local properties include a 13-building office portfolio on Wyman Street in Waltham. The company named Peter Gottlieb as CEO in 2022.
Completed in late winter, the South Station Tower includes 166 condos on the upper 16 floors, with asking prices for one-bedroom units starting at $1.2 million. Signature amenities include a nearly 1-acre “Sky Park” terrace on the 11th floor and three restaurants open to the public.
Some penthouses include double-height living rooms and floor-to-ceiling windows, giving buyers of units on the east side commanding views of the Seaport District, and the Charles River and Back Bay skyline to the west. Closings for the residential units began in mid-March.
Johnston, Rhode Island-based FM also has a major internal real estate project under way in Norwood, where it’s redeveloping its campus with a new 320,000 square-foot office and research building at 1165 Providence Highway.
