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HFF Closes $40M Sale Of Boston Office Building

Jun 6, 2012 | Reprints | Unlock Link | Print

441 Stuart St., Boston Holliday Fenoglio Fowler (HFF) has closed the sale of a 163,770-square-foot office building in Boston.

HFF marketed the property at 441 Stuart St. exclusively on behalf of the seller, ST Residential. Synergy Investments purchased the property for $40 million, free and clear of debt.

The art deco-style building near Boston’s Back Bay and South End neighborhoods also has ground-floor retail space, according to a statement.

The HFF team representing the seller was led by managing director Coleman Benedict and director Ben Sayles.

"This asset was particularly attractive to investors due to its premier location and value-add components," said Benedict. "In the end, Synergy provided the most compelling bid for our client."

Commercial & Industrial