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Synergy Sells Stake In Ten Post Office Square

Boston-based Synergy Investments and Green Oak Real Estate have sold a stake in their Ten Post Office Square office building in Boston’s Financial District to LaSalle Investment Management.

The deal values the property $184.8 million, according to the Suffolk County Registry of Deeds, with a $134 million mortgage from ING Capital. The property last sold for $136.5 million in October 2014.

The property containing 452,000 square feet in two towers is 94 percent leased to nearly 40 tenants.

Newmark Grubb Knight Frank’s Boston capital markets team led by U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher and Executive Managing Director Matthew Pullen oversaw the recapitalization.

Synergy owns approximately 3 million square feet of commercial space.

B&T Daily