451 D St.

San Francisco-based Shorenstein Properties has completed the purchase of the 461,046-square-foot Seaport Center at 451 D St. in Boston’s Seaport District.

Shorenstein made the purchase for a reported $110 million on behalf of Shorenstein Realty Investors Ten LP, a commingled fund formed in 2010 with $1.23 billion of capital. The seller was a partnership between The Beal Companies and Rockpoint Group.

Built in 1909 as a wool warehouse, the nine-story building has since been extensively renovated and is 88 percent occupied. Major tenants include the Boston Herald, JP Morgan Chase, Monster Worldwide and Verizon.

Shorenstein Completes Seaport Center Purchase

by Banker & Tradesman time to read: <1 min
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