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.
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- ◦Sale/Acquisition