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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.

Read more at Boston Globe

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About Dennis Kaiser

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 including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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