DivcoWest has purchased 313-330 Congress streets.
Thomas Grillo
Real Estate Editor- Boston Business Journal
DivcoWest, a private real estate investment firm with offices in Boston, has closed on the purchase of four office buildings in the Hub’s Seaport District for $106.7 million.
The properties were acquired from a fund controlled by New York-based Brickman Real Estate. The acquisition brings DivcoWest’s total holdings in Greater Boston to more than three million square feet of commercial property.
These office properties totaling 373,000 square feet are converted warehouses previously used by the Boston Wharf Co. They include 313 and 330 Congress streets, a pair of brick buildings totaling 106,000 square feet, constructed in 1890; Harbor Corporate Center at 300 A St., a 106,000-square-foot “brick and beam” office building; and 51 Sleeper Street, a 150,000 square foot building constructed in 1929 and renovated in 2004.
The buildings are located within Boston’s Innovation District, a 1,000-acre area that the city is promoting to new technology and other ventures.
HFF also arranged the deal and completed the financing for 51 Sleeper Street.
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