Manulife Buys Wellesley Office Park for $237M

Source:  Business Journals

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 ...

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