News: Front Section

Holliday Fenoglio Fowler, L.P. closes $60.2 million sale of 100% leased asset in Boston's Seaport District

Holliday Fenoglio Fowler, L.P. (HFF) has closed the $60.2 million sale of 51 Sleeper St., an eight-story, 150,363 s/f office building located in the city's Seaport District. The HFF team led by Coleman Benedict and Ben Sayles exclusively represented the seller, DivcoWest, in the transaction and procured the buyer, TIAA-CREF. By virtue of its location alongside the Fort Point Channel, 51 Sleeper features views of downtown Boston from each floor. The asset's location also provides for convenient access to and from I-93 and I-90 (Mass Pike) as well as public transportation hubs such as South Station and Rowes Wharf. At the time of sale, 51 Sleeper was fully leased to a diverse tenant roster that includes government entities, architects, and technology firms. "51 Sleeper is an irreplaceable asset in a tremendous location," said Benedict. "TIAA-CREF will enjoy terrific performance from this asset as the significant wave of development will only enhance the Seaport District by bringing businesses, residents, and visitors to the area." HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. HFF operates out of 22 offices nationwide and is a provider of commercial real estate and capital markets services to the commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.
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Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
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Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.