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Boston & New England  + Office  |  March 4, 2020
Paul Bubny
By: Paul Bubny

Nan Fung Aims to Boost Office Footprint with Second Boston Deal

Days after acquiring 51 Sleeper St. in the Seaport District from Brookfield Properties for $115 million, Nan Fung Life Sciences Real Estate has struck another deal. This time, the locally-based subsidiary of Nan Fung Group has acquired One Winthrop Square in downtown Boston for $75 million.

The Boston Business Journal reported that the five-story office property last sold to MAPFRE USA Insurance in 2015 for $55 million. It’s located adjacent to the construction site for the two-tower, 1.5-million-square-foot Winthrop Center development.

“We look forward to bringing more unique opportunities for life science businesses to grow in the city of Boston,” said Matthew Powers, CEO of Nan Fung Life Sciences Real Estate. He added that the city has “an unmet need for high-quality life science space, and we are proud to be able to provide that for companies looking to grow and establish themselves in Boston.”

For comments, questions or concerns, please contact Paul Bubny

Read More News Stories About: Brookfield Properties
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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