 (2).jpg)
News: Front Section
Posted: November 2, 2018
Newmark Knight Frank brokers $107 million sale of
226 Causeway to Rockpoint Group
Boston, MA Newmark Knight Frank (NKF) has completed the sale of 226 Causeway to Rockpoint Group for $107 million. On behalf of Invesco, vice chairman Edward Maher, executive managing director Matthew Pullen, director James Tribble and associate director Samantha Hallowell of NKF’s Boston Capital Markets team, which is led by co-head of U.S. Capital Markets Robert Griffin, oversaw the transaction of the best-in-class retail/office condominium.
Totaling 192,890 s/f, 226 Causeway features a diverse tenant roster anchored by the corporate headquarters of two divisions of TripAdvisor, Oxfam America and the Boston Celtics as well as a key regional office for Stantec. Its street-level retail component includes Equal Exchange Café and Title Boxing Club.
“226 Causeway epitomizes the ‘cool core’ investment profile, offering stable cash flow and tangible upside potential,” said Maher. “The asset is the beneficiary of significant capital improvements, resulting in best-in-class physical infrastructure highlighted by rare 35,000 s/f floor plates and up to 13’5” ceiling heights.”
226 Causeway benefits from an exceptional transit-oriented location directly adjacent to North Station, the Leonard P. Zakim Bridge and I-93. The asset is surrounded by a mixed-use neighborhood highlighted by The Hub on Causeway, a transformative 1.5 million s/f residential, retail and office addition to the TD Garden, home to the Boston Bruins and Boston Celtics.
Tags:
Front Section
MORE FROM Front Section
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,
Quick Hits
.png)
Columns and Thought Leadership
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:
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.
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.
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.
