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Mandarin Oriental Retail Collection Trades to Hennick Group for $83M
JLL Capital Markets arranged the $83-million sale of the Mandarin Oriental Retail Collection, a retail condominium totaling 28,856 square feet in Boston’s Back Bay neighborhood. Senior managing director Chris Angelone, director Zach Nitsche and associate Sam Wiesman, with help from managing director Anthony Cutone, represented the seller and procured the buyer, The Hennick Group.
The Mandarin Oriental Retail Collection is located at 772 and 776-778 Boylston St. With 100 feet of frontage along Boylston Street, the shops are positioned at the base of the Mandarin Oriental Hotel and within the Prudential Center. The retail condo is currently 82.2% leased and anchored by Citizens Bank. Additional tenants include Frette, MiniLuxe and Lunette Optic.
“The Mandarin Oriental Retail Collection is a true trophy asset in an incredible location in Boston,” said Angelone. “The sale price represented one of the highest price-per-square-foot retail trades in the city’s history, which is a testament to the exceptional quality of the asset and the opportunity for The Hennick Group going forward.”
- ◦Sale/Acquisition
