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In This List

Report: BentallGreenOak, Synergy could sell Boston office asset for over $550M

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Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Report: BentallGreenOak, Synergy could sell Boston office asset for over $550M

BentallGreenOak and Synergy Investments are considering selling the Center Plaza office property in Boston, Bloomberg News reported, citing people with knowledge of the matter.

The over 740,000-square-foot property consists of three interconnected buildings that could be sold for more than $550 million, the sources said. The asset is about 90% leased to tenants including Spotify Technology SA, Grubhub Inc. and Twitter Inc.

The owners hired Newmark Knight Frank, which is set to reach out to potential buyers of the property as soon as the week of Jan. 13, according to the report. The firms paid $365 million in 2017 to acquire the property, Bloomberg added.

BentallGreenOak, Synergy and Newmark did not comment on the potential transaction, the report noted.

BentallGreenOak also partnered with MWest Holdings LLC to acquire the approximately $100 million Enclave multifamily building in Paramount, Calif., the news outlet noted, citing one of the people.