Photo courtesy of Quaker Lane Capital

Quaker Lane Capital has added a 63,000-square-foot office building in Boston’s Bulfinch Triangle to its portfolio with a $24 million acquisition.

The Boston-based real estate developer has hired CBRE to market space in the brick-and-beam building at 110 Canal St., which includes the headquarters of CBT Architects. The property is positioned both for multi-tenant use of a full building tenant, developers said.

Quaker Lane partnered with Boston-based private equity firm Alcion Ventures on the acquisition. In a statement, Managing Principal Carlos Febres-Mazzei called the North Station submarket a “high-potential neighborhood” for growth, as the massive Hub on Causeway and Bulfinch Crossing developments proceed. The seller was TJS One Realty Trust.

“It is a truly special asset offering creative office space with high ceilings , flexible open-concept floor plans, and overflowing with character,” Fabres-Mazzei said in a statement.

Founded by former Eastdil Secured executive Fabres-Mazzei, Quaker Lane Capital recently received approval for a $90-million office and R&D development at 11 Dartmouth St. in Malden Center. The project will replace a 3-story office building and surface parking with a 9-story, 188,000-square-foot office and R&D tower.

Quaker Lane Buys Bulfinch Triangle Offices

by Steve Adams time to read: 1 min
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