May 15, 2019
10 Post Office Square Acquired for $238.7 Million
The property at 10 Post Office Square in Boston's Financial District has been acquired by Synergy Investments for $238.7 million.
The 14-story, 445,000 square foot office building was built in 1923 and is located in Post Office Square overlooking the landmark Norman Leventhal Park.
10 Post Office Square is anchored by the 150,000 square foot headquarters of Boston Private Bank. The building features a fitness center with bicycle storage and lockers, as well as a 1,400 car underground parking garage.
Apr 24, 2018
Spotify Leases 4 Floors at 1 Center Plaza
Spotify, USA will be the newest tenant at 1 Center Plaza. The digital music service has just agreed to terms consisting of 73,891 square-feet of space amassing 4 floors, levels 6-9.
Built in 1966, the building is an 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 currently home to additional tenants including Localytics and Salsify. A 525-space parking garage is located underneath Center Plaza.
Dec 14, 2017
Synergy acquires Old Boston City Hall leasehold for $30.1 million
Synergy Investments has acquired the leasehold interest in Boston’s Old City Hall, located in the heart of Downtown Crossing, for $30.1 million. The 83,700-square-foot building, located at 45 School Street on the Freedom Trail, contains office space and a Ruth’s Chris Steak House restaurant. CBRE/New England’s Capital Markets team represented the Architectural Heritage Foundation (AHF), who managed the City-owned structure for 47 years under a long-term lease, in the transaction and procured Synergy as the new leaseholder. Rockland Trust Company provided $20 million in mortgage financing towards Synergy’s acquisition of the lease.
Oct 19, 2017
Lolita Cocina opens Fort Point location at 253 Summer Street
COJE Management Group has opened a second location of the Back Bay’s acclaimed Lolita Cocina & Tequila Bar at the 201,481-square-foot 253 Summer Street in Fort Point, a building that will soon be home to a new 150,000-square-foot Amazon office. The Mexican-inspired restaurant, located along the Harborwalk overlooking Fort Point Channel, opened October 14th and features upscale decor including bright red chandeliers, stained glass and a ceiling covered in skulls. The restaurant features available semi-private dining space and will debut a waterside patio in 2018. Amazon will open its’ new office at 253 Summer Street in 2019, occupying 75% of the building. Lolita’s new restaurant is located next to General Electric's upcoming $200 million Innovation Point headquarters campus steps from Boston’s rapidly developing Seaport District.
Jul 03, 2017
Amazon leasing over 150,000 square feet at 253 Summer Street in Fort Point, Lolita Cocina opening on ground floor by end of year
Amazon will lease over 150,000 square feet at Synergy Investments’ 201,481-square-foot 253 Summer Street office building in Fort Point overlooking Fort Point Channel. Amazon’s new office will be located next to General Electric’s upcoming $200 million Innovation Point headquarters campus, creating a new center of innovation for Boston. 250 Summer Street, a 104,728-square-foot office building located across from 253 Summer Street, sold last week to Morgan Stanley for $62.5 million ($596.78 per square foot), speaking to the growing desirability of the Fort Point neighborhood for technology movers and shakers of various stages. Additionally, Lolita Cocina & Tequila Bar will open on 253 Summer Street's ground floor by the end of this year and is currently aiming for a soft opening later this Summer, joining Fort Point's growing dining scene.
Amazon will occupy nearly 75% of 253 Summer Street, which has been largely vacant since former anchor tenant Partners Healthcare’s move last year to Partners’ newly built headquarters at Assembly Row in Somerville. Per The Real Reporter, Amazon will enter a deal lasting as much as 10 years, paying primary upwards of $50 per square foot with rates escalating annually “from the high $40’s to low $50’s at the outset”; Amazon may also retain expansion rights for the remainder of 253 Summer Street as space becomes available. Synergy acquired 253 Summer Street for $40 million ($198.53 per square foot) in December 2010.
Apr 13, 2017
Synergy acquires 741,000 square foot Center Plaza in Financial District for $365 million
Synergy Investments has acquired the existing 741,000 square foot Center Plaza office and retail development, located across from Government Center Station, for $365 million ($493 per square foot). Seller Shorenstein Properties acquired Center Plaza for $307 million ($414 per square foot) in January 2014. Brookfield Asset Management provided over $246 million ($246,140,697) in mortgage financing for Synergy's acquisition.
Mar 26, 2017
10 Post Office Square, 445,000 square foot office building, sells for nearly $185 million
LaSalle Investment Management of Chicago has acquired 10 Post Office Square, a 445,000 square foot mid-rise Financial District office building, for nearly $185 million. The exact sale figure is $184,816,700, amounting to about $415 per square foot. The building’s seller is a joint venture of GreenOak Capital and Synergy Investments, who acquired the property in October 2014 for $143 million, or $321 per square foot. 10 Post Office Square overlooks the landmark Norman Leventhal Park and is anchored by Boston Private Bank’s 150,000 square foot global headquarters.
Oct 30, 2016
Hub25, 278 transit-oriented apartments, now leasing in Dorchester
Hub25, a 278-apartment residential development located next to the JFK/UMass MBTA rapid transit station a short train ride to Downtown Boston, is now leasing. Rents range from just under $2,000 per month for a 469 square foot studio to just under $5,000 per month for a 1,152 square foot three-bedroom/two-bedroom unit. Studio rents range from roughly $2,000 to $2,300 per month. One-bedroom unit rents range from roughly $2,400 to $3,200 per month. Two-bedroom unit rents range from roughly $3,200 to $4,000 per month. The latest interior photographs of Hub25 can be found above. Visit Hub25Boston.com for more information.