Advertisement
One of the largest office sales in Boston history unfolded last week. On Friday, Boston’s high-profile John Hancock Tower and two adjacent buildings were sold for roughly $1.3 billion. New York-based real estate firm Broadway Partners bought the properties from Boston-based Beacon Capital Partners LLC.
According to Broadway Partners, the acquisition was part of a $3.3 billion buying spree that snapped up 10 properties throughout the nation. The sale was reported in the Boston Globe last Saturday.
In 2003, Beacon Capital Partners spent $910 million for the Hancock Tower. Until recently, that stood as a record sale price for a Boston office tower.
