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12 Post Office Square & 10 Liberty Square Update 11/29/17

Two connected office buildings in Post Office Square sold to Guggenheim and Jumbo Capital for $20.8 million

Guggenheim Partners and Jumbo Capital Management, who acquired 50 Congress Street in Post Office Square for $79 million in May 2017, have acquired 12 Post Office Square and 10 Liberty Square, two connected office buildings located across from 50 Congress Street, for $20.8 million. The two buildings total approximately 56,000 square feet; accordingly, Guggenheim and Jumbo Capital’s acquisition amounts to about $371 per square foot. Guggenheim and Jumbo Capital acquired 50 Congress Street for about $439 per square foot.

12 Post Office Square and 10 Liberty Square both contain Class B office space and were last sold for about $9.4 million, about $168 per square foot, in October 2003. The buildings overlook Post Office Square’s landmark Norman Leventhal Park and are located in the heart of Boston’s premier business environment, the Financial District. The acquisition is the third notable sale in Post Office Square this year; LaSalle Investment Management also acquired the 445,000-square-foot 10 Post Office Square office building for nearly $185 million, amounting to about $415 per square foot, in March 2017.

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