Lovejoy Wharf
Update
04/01/16
Related Beal sells Lovejoy Wharf building for $150M
Related Beal's sale of the Hoffman Building, located on Lovejoy Wharf, to Union Investment of Germany closed Thursday. Recorded sale price is $150,000,001. Related Beal acquired the Hoffman Building, located at 160 North Washington Street, for $11,250,000 in 2012. The agreement for the sale was first reported in November 2015 by Banker and Tradesman.
The Hoffman Building houses the headquarters of shoe manufacturer Converse and contains a total of 214,000 square feet of office space. Related Beal remains the owner and developer of 131 Beverly Street, an under-construction condominium tower located on Lovejoy Wharf adjacent to the Hoffman Building. 131 Beverly Street will contain 162 residential units across 17 stories. Additional information about the Lovejoy Wharf project is posted below.
The following is the deed for Thursday's sale of The Hoffman Building to Union Investment:
