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Boston & New England  |  December 23, 2019
David Cohen
By: David Cohen

Boston Seaport Office Tower Trades for $482M

New York-based Clarion Partners has acquired One Marina Park Drive, a 491,573-square-foot multi-tenant office tower in Boston’s Seaport district for $482 million.

Designed by Elkus Manfredi, One Marina Park Drive is an 18-story office tower that was completed in 2010. The property is positioned within Fan Pier, The Fallon Cos. three million-square-foot mixed-use development in Boston’s Seaport. Currently, One Marina Park Drive is fully leased to a tenant roster that includes Fish & Richardson, Enel X, Intarcia Therapeutics, Gunderson Dettmer, Battery Ventures and Polaris Ventures.

Coleman Benedict, Matthew Sherry, Kerry Hawkins and Ben Sayles of JLL represented the seller in the transaction, a joint venture of The Fallon Company and Barings, on behalf of an institutional investor.

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.
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