75 State St. Sells for $635M
A storied downtown Boston office tower originally built by legendary developer Harold Brown has traded for $635 million.
A storied downtown Boston office tower originally built by legendary developer Harold Brown has traded for $635 million.
The late, famed Boston residential developer and landlord Harold Brown recieved another honor last week when 2Life Communities and Congregation Kehillath Israel broke ground on a Coolidge Corner affordable housing complex named in his honor.
The apartment business runs in the family at The Hamilton Co., the Allston-based landlord and developer founded by the late Harold Brown. His son Jameson, after working as a real estate agent in Boston, joined the company in 2009. Following his father’s retirement in November 2017, Jameson Brown was named co-CEO along with Chief Financial Officer Andy Bloch.
Brookfield Properties has reached an agreement to recapitalize 75 State St. at approximately $755 per square foot. But unlike other downtown trophy properties, this building rose in the 1980s amid a scandal that threatened to topple some of Massachusetts’ most powerful figures.
Harold Brown, whose real estate career spanned seven decades and developments ranging from Boston hotels and office buildings to multifamily projects, has passed away at the age of 94.
Despite his more than nine decades on this earth, it seemed like Harold Brown was never going to retire.
After 64 years at the helm of one of Boston’s most successful real estate empires, Harold Brown is stepping down as chairman of The Hamilton Co.