In the latest sign that the Blackstone Group is shedding major pieces of its local Equity Office portfolio, Manulife Financial Corp. has purchased Wellesley Office Park for $237 million. The campus is comprised of eight buildings totaling nearly 650,000 square feet on William Street, off Route 9 and overlooking the Charles River. Blackstone tapped HFF to market the complex in September. In 1997, Blackstone, a New York-based private equity company, bought Equity Office Properties Trust for ...
NREIonline.com Freemium Content
"Manulife Buys Wellesley Office Park for $237M" is FREE to access as a registered user on NREIonline.com.
Why Register for NREIonline? It's simple and free, and here is what you get:
- Access to leading real estate industry research.
- Interactive rankings of commercial real estate professionals.
- Submit your own articles, (if approved) which will appear around the site.
- Ability to comment and interact on all site content.