Boston office space<\/a> and commanded a $435 million sale price, which reportedly marked one of the most impactful office transactions in the market this year, as well as the largest pure-play office sale in Boston in the last five years.<\/p>\n\u201cThis transaction validates what we’ve been seeing across premier office submarkets,\u201d said Scott Carpenter, managing director with the JLL Capital Markets Investment Sales and Advisory team representing the seller. \u201cInstitutional capital is concentrating on irreplaceable trophy assets in supply-constrained, top-performing markets, underwriting to the data around outperformance and net effective rent growth.<\/p>\n
\u201cOne Marina Park Drive offered exactly what strategic buyers are pursuing in 2026: durable in-place cash flow with a track record of outperformance, meaningful embedded mark-to-market upside, and a waterfront position with no new construction in the pipeline. The competitive tension throughout the process reaffirms that best-in-class office fundamentals continue to command premium pricing.”<\/p>\n
Completed in 2010 as the anchor commercial asset of The Fallon Company’s $4 billion Fan Pier development, the 18-story property was 99% leased to a high-credit tenant roster at the time of sale.<\/p>\n
One Marina Park Drive boasts both a LEED Gold and a WiredScore Platinum certification. Features include floor-to-ceiling windows opening up to expansive harbor views, floor plates spanning 29,000 square feet, 375 below-grade parking spaces, a fitness center, retail space on the first floor, and all the benefits of an excellent location.<\/p>\n
Boston\u2019s Seaport submarket is among the best performing in the country, and the property occupies one of the city\u2019s last direct waterfront sites within Fan Pier in the Seaport. Located adjacently to Vertex Pharmaceuticals’ 1.1 million-square-foot global headquarters, One Marina Park Drive is also within walking distance of South Station, which provides Red Line MBTA service and commuter rail service to the Greater Boston area, and conveniently close to the MBTA Commuter Ferry service at Rowes Wharf.<\/p>\n
Amenities in the immediate vicinity also include a wide variety of dining options, retail stores, hotels, and museums.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Boston office sale reportedly marks one of the most impactful transactions of the year so far, as well as the largest pure-play office sale in Boston since 2021.<\/p>\n","protected":false},"author":48,"featured_media":7363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":["post-7424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office-news"],"acf":[],"yoast_head":"\n
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