German Investors Make Historic Seaport Purchase
Union Investment Real Estate, a German investor, acquired the 440k SF 101 Seaport Blvd for $452M. The deal doesn't include the building's ground floor, which will be home to the By Chloe restaurant by this summer.
Overall, the acquisition counts as one of the largest single-asset trades in Boston history, the Boston Business Journal reports.
The seller was Skanska USA, which developed the office property before moving in alongside anchor tenant PricewaterhouseCoopers; 101 Seaport is the first completed office building in Seaport Square, a 23-acre master planned area. [BBJ]