News: Front Section

Ross and Barroso of NAI Hunneman broker $30.85 million office portfolio sale

NAI Hunneman's investment sales group brokered the $30.85 million sale of the Centurion Portfolio to Synergy Investments. NAI Hunneman executive vice president/principal David Ross and investment sales associate Gina Barroso represented the seller, Centurion Realty LLC, and procured the buyer, Synergy Investments. In addition to the sale, NAI Hunneman vice presidents David Cooney and Bonny Doorakian have been retained as exclusive leasing agents for the properties. Located in the city's Downtown Crossing and the Financial District, the four-building, 138,851 s/f office portfolio consists of the following properties: * 184 High St. * 71 Summer St. * 77 Summer St. * 87 Summer St. "The properties offered Synergy Investments a substantial office portfolio with a strong tenant roster in addition to the potential for future upside. Synergy Investments has been very active in Boston's office market and were a natural fit for the Centurion Portfolio." said Ross. "The Summer St. buildings are located within the heart of the Downtown Boston Business Improvement district, which has seen a dramatic revitalization over the last several years, making these buildings an ideal destination for emerging technology, innovation and growing firms." Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. NAI offices around the world complete over $45 billion in transactions annually, and manage over 200 million s/f of commercial space. Synergy is a Boston-based real estate investment and development firm focused on the acquisition and operation of office, retail, and residential assets, and their associated debt. The firm's specific capabilities include acquisition, debt placement, asset management, leasing, property management, permitting, and construction management. Synergy's growing portfolio is approaching 2.5 million s/f across 26 select office properties situated in the commercial heart of one of the nation's most dynamic and desirable real estate markets. Synergy is committed to steady and sustainable growth, and continues to build its portfolio based on a focused and deliberate investment strategy.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary