311 Summer Street
Update
07/28/16
Qatari investor buys 311 Summer Street in Fort Point for $38.5 million
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: