- As part of our Class A office co-investment strategy in major US cities, we acquired a partial interest in this office complex located in Boston’s Back Bay in May 2003 for $15 million (net equity).
- The John Hancock Tower is the tallest office building in Boston. The complex includes nearly 3 million square feet in the heart of Boston’s Back Bay:
- Hancock Tower, designed by I.M. Pei (60-story, 1.7 million sf, built 1973
- Berkeley Building (757,000 sf, built 1947, renovated 1994)
- Brown Building (427,000 sf, built 1923, renovated 1984)
- Parking garage (8-story, 2,000 spaces)
- Our operating partner focused on improving operations and leasing.
- As part of a portfolio sale, our interest was sold in December 2006 for $45 million.
- Partner equity from a Private Bank.
Project Summary
