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Kayne Anderson Buys Boston Office for $36M
Kayne Anderson, a Florida-based firm, acquired 147 Milk St. in Boston’s financial district for $36 million from German investor KanAm Grund, who bought it in 2021 for $48 million.
The 52,000-square-foot building, anchored by Atrius Health, also houses Beneski Chiropractic Health & Wellness Center and a midwife practitioner. Boston’s office sector is struggling, with properties selling well below previous prices.
Recent examples include Kendall Capital’s acquisition of 33-41 West St. for $4.1 million, a 74% discount from 2016, and Rhino Capital Advisors’ purchase of an office building on Canal Street for $14.6 million, down from $24 million in 2021.
- ◦Sale/Acquisition
