Default organization

Totals

Total Square Footage 57,225

General

Established 2016

Delaware corporation owned and managed by Ali Al Hashemi of Qatar

Updates

311 Summer Street
- Jul 28, 2016

Qatari investor buys 311 Summer Street in Fort Point for $38.5 million 311 Summer Street, a seven-story, 57,225 square foot office building in Fort Point, was acquired by Qatari investor Ali Al Hashemi for $38.5 million today as recorded in the Suffolk County Registry of Deeds. The seller is 311 Summer Street LLC, a limited liability company comprised of principals at architecture firm ADD Inc. (Now with Stantec). Today's sale equates to approximately $673 per square foot. Al Hashemi also secured a $28.875 million mortgage for the building today through Thani Bin Abdulla Media Group LLC of Qatar.The Real Reporter reported today that Al Hashemi would acquire 311 Summer Street for near $39 million and that a deed would be recorded "imminently." Al Hashemi and ADD Inc.'s principals entered a Purchase and Sale Agreement for 311 Summer Street on June 23rd, 2016. ADD Inc.'s principals acquired 311 Summer Street in 2007 for $7 million and made approximately $15 million of capital improvements to the building. ADD Inc. has leased 87% of 311 Summer Street through July 2022; the building is 100% leased. Boston Realty Advisors was enlisted by 311 Summer Street LLC to sell 311 Summer Street, the following is a link to the building's sales website. The following is the deed for the sale of 311 Summer Street to Al Hashemi: (Note: Al Hashemi is the owner and manager of 311 Summer Avenue, Inc.) The following is Al Hashemi's mortgage for 311 Summer Street:


No new thoughts. Inquire about becoming a thought leader by clicking here

Average User Rating

0.0 / 5.0

Rating Breakdown
1
2
3
4
5

No Reviews


To unlock, this organization must be verified.

Please click here to verify >>

Projects

311 Summer Street