News: Front Section
Posted: July 1, 2016
Colliers International handles $33.25 million sale of 147 Milk St.
Doug Jacoby, Colliers International
Scott Dragos, Colliers International
Boston, MA The Boston Capital Markets team of Colliers International has completed the $33.25 million sale of 147 Milk St. Working on behalf of an affiliate of Lexington Realty Trust, Colliers secured Multi-Employer Property Trust, advised by Bentall Kennedy, as the buyer of the 52,337 s/f medical office building. The property is fully leased to Atrius Health, parent of Harvard Vanguard Medical Associates, who has occupied the building since 1983.
147 Milk Street - Boston, MA“The asset is an ideal investment opportunity, in a hotly contested market, with significant upside potential over the long term,” said executive vice president Doug Jacoby of Colliers International. Jacoby along with team members executive vice president Scott Dragos, vice president Tony Hayes, assistant vice president Tim Mulhall and associate Dan Hines guided the sale.
Lexington Realty Trust is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity and debt investments in single-tenant net-leased commercial properties and land across the United States. Lexington seeks to expand its portfolio through build-to-suit transactions, sale-leaseback transactions and acquisitions. For more information or to follow Lexington on social media, visit www.lxp.com.
Colliers International Group Inc. is a global leader in commercial real estate services with more than 16,146 professionals operating from 554 offices in 66 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
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