GE Asset Management buys Independence Wharf

GE Asset Management has purchased Boston’s 334,949 sq. ft. Independence Wharf from Modern Continental Enterprises. The price was not disclosed. The landmark building is located at 470 Atlantic Avenue on the waterfront in Boston’s Financial District, and currently houses Regus Business Centers and Duane Morris LLP.

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There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

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