Project Progress: Acquired by Proponent

8% Complete (success)

About Center Plaza

1-3 Center Plaza, Financial District, Boston, MA


Existing nine-story, 741,000 square foot, 900 foot long office and retail building located across from the Government Center transit station and Boston City Hall. Center Plaza is approximately 60% occupied, with tenants including Localytics and Salsify. A 525-space parking garage is located underneath Center Plaza.


In 2015, previous owner Shorenstein Properties received approval to construct a 9,400 square foot retail expansion to Center Plaza's ground floor, in addition to a new 21,000 square foot penthouse featuring office space and a roof garden. Construction of the approved additions to Center Plaza has not commenced; Shorenstein Properties, who acquired Center Plaza for $307 million ($414 per square foot) in January 2014, sold the building to Synergy Investments for $365 million ($493 per square foot) in April 2017. A rendering of the approved additions is posted above.

Square Feet 741,000
Sector

Retail

Office

Stories 9

Latest Updates


Spotify center plaza

Apr 24, 2018

Spotify Leases 4 Floors at Center Plaza

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Center plaza office retail development government center financial district boston synergy investments acquisition

Apr 13, 2017

Synergy acquires 741,000 square foot Center Plaza in Financial District for $365 million

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