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Accordia, Ares Acquire Boston Office Campus for $110M

Joint venture partners Ares Management Corp. and Accordia Partners acquired a five-building office campus in Boston’s Dorchester neighborhood for $110 million, according to media reports.

Located at 2 Morrissey Blvd., the 13-acre property includes 425,000 rentable square feet and is currently fully leased to Santander Bank.

NKF’s Boston Capital Markets team represented the seller, Beacon Capital Partners, in the transaction. Beacon Capital originally acquired the property in 2017 for $72.7 million. NKF’s Boston debt and structured finance also arranged financing for the joint venture buyers.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition