This Seaport office just sold for almost half a billion dollars
Apr 12, 2016, 9:50am EDT
Catherine Carlock
Real Estate Editor
Boston Business Journal
The 17-story, 440,000-square-foot glass office at 101 Seaport Blvd. was built and developed by Skanska USA and has been acquired by Germany's Union Investment Real Estate for $452 million.
Union Investment Real Estate of Germany has made another high-profile acquisition in Boston, this time for close to half a billion dollars, in what qualifies as one of the largest single-asset trades in Boston real-estate history.
.......[interestingly] .....The acquisition does not include the building’s ground floor, where vegan restaurant By Chloe will open this summer.
....Skanska was an early investor in Seaport Square, snapping up the 101 Seaport parcel, another parcel at what's now 121 Seaport Blvd. and a site that now houses a 300,000-square-foot residential building called Watermark Seaport for a combined $87.7 million in 2012 and 2013......
"101 Seaport has been a catalyst for the transformation of the neighborhood and we look forward continuing to deliver the most sustainable and efficient buildings along Seaport Boulevard with the completion of Watermark Seaport and the development of 121 Seaport,” said Charley Leatherbee, executive vice president of Skanska USA Commercial Development, in a prepared statement.
PwC moved into 333,500 square feet last October, followed by Skanska USA and office furniture seller and manufacturer Red Thread and Steelcase. The glass tower features 10-foot ceilings with floor-to-ceiling windows, offering broad views of Boston Harbor and downtown, and environmental features such as green roofing, a rainwater harvesting system and a chilled-beam cooling system [Quoi???]