177 Huntington Ave Update 04/18/18


PNC Bank Acquires 177 Huntington Ave

Pittsburgh-based PNC Bank has acquired 177 Huntington Ave from Beacon Capital Partners for $137.5 million. This transaction comes just 6 years since Beacon Capital Partners had acquired the building in a 99-year ground lease from The First Church of Christ, Scientist, and the Trustees of Church Realty Trust for $59 million. 

The 26 story structure, located in Boston's Back Bay, underwent a major renovation in 2014, updating the office building with modern amenities including a tenants-only fitness center featuring peloton bikes, locker rooms and showers, secured bike storage, conference center, underground parking garage with 550 spaces, and an on-premise coffee shop to bring life to the revitalized lobby.

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