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Boston & New England   /   August 27, 2018

Dennis Kaiser
By: Dennis Kaiser

CommonWealth Claims Boston Seaport Building for Record $450M from Tishman Speyer

Los Angeles-based CommonWealth Partners is reportedly acquiring 200 Pier Four, a new 370,000-square-foot office building in Boston, from New York-based Tishman Speyer for $450 million. The 13-story, LEED Gold, trophy asset at 140 Northern Ave. is located in Boston’s dynamic Seaport District, and was developed in 2018.

The more than $1,200-per-square-foot sales price would rank among the highest prices ever recorded for a Boston office building. Tenants in the roughly 95%-leased property include Boston Consulting Group, which claimed about half the tower’s space for a global HQ, Cengage Learning and Man Numeric.

NKF’s Rob Griffin brokered the deal for developer, Tishman Speyer, which is also building Pier 4’s final phase next door, a nine-story luxury condo project with 106 units priced in the $2 million and up range.

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Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience.
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