Sign up for free newsletter


Two fingers

DeAWM acquires two properties in Boston’s Seaport District

Wed, 30/04/2014 - 10:06

Deutsche Asset & Wealth Management’s (DeAWM) real estate investment business has acquired 281 Summer Street and 321 Summer Street in Boston, Massachusetts, on behalf of one of its clients.

The sale was conducted in an off-market transaction valued at USD94.9 million.
The two building portfolio is in Boston’s Seaport District and totals 243,000 square feet of office and retail space.
Newly renovated, the properties are located in the heart of Boston’s Fort Port Channel neighbourhood.
The submarket continues to attract many of Boston’s premier technology and new economy tenants with its “live-work-play” characteristics and strong transportation linkages.
“We are pleased to add the Summer Street properties to the portfolio as they represent some of the best ‘brick & beam’ office space the Boston market has to offer,” says Todd Henderson, head of real estate, Americas, at Deutsche Asset & Wealth Management. “Due to the high occupancy rate and the long-term tenants in occupancy at the property, the investment is projected to provide consistent, high-quality cash yields going forward.”

Subscribe to free daily newsletter
FX Options Trading - NYC - USA

Sat, 31 Jan 2015 00:00:00 GMT

FX Trader, New York City, USA

Sat, 31 Jan 2015 00:00:00 GMT

VP FX Algo Strategy Java Developer

Sat, 31 Jan 2015 00:00:00 GMT

2 days 12 hours from now - Kuala Lumpur
6 days 12 hours from now - Las Vagas
1 week 12 hours from now - Florida