{"id":1004025443,"date":"2010-12-30T06:15:00","date_gmt":"2010-12-30T14:15:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004025443"},"modified":"2022-12-09T02:26:33","modified_gmt":"2022-12-09T10:26:33","slug":"930m-sale-of-john-hancock-tower-finalized","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/930m-sale-of-john-hancock-tower-finalized\/","title":{"rendered":"$930M Sale of John Hancock Tower Finalized"},"content":{"rendered":"<p>December 29, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004025444\" style=\"width: 244px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/wedgemondo.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004025444\" data-attachment-id=\"1004025444\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/930m-sale-of-john-hancock-tower-finalized\/john-hancock-tower-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/wedgemondo.jpg\" data-orig-size=\"501,640\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;john hancock tower&quot;}\" data-image-title=\"john hancock tower\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user wedgemondo&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/wedgemondo.jpg?w=501\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/wedgemondo.jpg\" alt=\"\" title=\"john hancock tower\" width=\"234\" height=\"300\" class=\"size-medium wp-image-1004025444\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/wedgemondo.jpg 501w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/wedgemondo.jpg?resize=235,300 235w\" sizes=\"auto, (max-width: 234px) 100vw, 234px\" \/><\/a><p id=\"caption-attachment-1004025444\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user wedgemondo<\/p><\/div>\n<p>The sale of the iconic 1.7 million-square-foot John Hancock Tower and Garage in Boston has been completed. Cushman &amp; Wakefield handled the sale on behalf of a joint venture between Normandy Real Estate Partners and Five Mile Capital Partners L.L.C.<\/p>\n<p>The property was sold to Boston Properties Inc.<\/p>\n<p>According to Normandy managing principal Jeff Gronning, the transaction was completed in 18 months and will return the building to its rightful place as Boston\u2019s premier office property.<\/p>\n<p>Located at 200 Clarendon Street, the tower occupied an entire city block overlooking Copley Square. The 60-story Class A office tower is 97 percent leased to tenants including State Street Corp., Manulife Financial Corp., and Ernst &amp; Young. It is the tallest building in New England.<\/p>\n<p>Cushman &amp; Wakefield Inc. capital markets group executives Griffin and Edward Mahler Jr., along with the firm\u2019s downtown specialists William Anderson, Gilbert Dailey and David Martel, exclusively represented the seller and procured the buyer. According to Cushman &amp; Wakefield, the sale is the largest pure investment sale transaction closed in the U.S. this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The iconic 1.7 million-square-foot tower was sold to Boston Properties Inc. According to Cushman &amp; Wakefield Inc., which handled the sale on behalf of a joint venture between Normandy Real Estate Partners and Five Mile Capital Partners L.L.C.,  the deal is the largest pure investment sale transaction closed in the U.S. this year.<\/p>\n","protected":false},"author":936,"featured_media":1004025444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,21747],"tags":[],"class_list":["post-1004025443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>$930M Sale of John Hancock Tower Finalized - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/930m-sale-of-john-hancock-tower-finalized\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$930M Sale of John Hancock Tower Finalized\" \/>\n<meta property=\"og:description\" content=\"The iconic 1.7 million-square-foot tower was sold to Boston Properties Inc. According to Cushman &amp; Wakefield Inc., which handled the sale on behalf of a joint venture between Normandy Real Estate Partners and Five Mile Capital Partners L.L.C., the deal is the largest pure investment sale transaction closed in the U.S. this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/930m-sale-of-john-hancock-tower-finalized\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-12-30T14:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:26:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/12\/wedgemondo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"501\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/930m-sale-of-john-hancock-tower-finalized\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/930m-sale-of-john-hancock-tower-finalized\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"$930M Sale of John Hancock Tower Finalized\",\"datePublished\":\"2010-12-30T14:15:00+00:00\",\"dateModified\":\"2022-12-09T10:26:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/930m-sale-of-john-hancock-tower-finalized\\\/\"},\"wordCount\":204,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/930m-sale-of-john-hancock-tower-finalized\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/12\\\/wedgemondo.jpg\",\"articleSection\":[\"Featured\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/930m-sale-of-john-hancock-tower-finalized\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/930m-sale-of-john-hancock-tower-finalized\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/930m-sale-of-john-hancock-tower-finalized\\\/\",\"name\":\"$930M Sale of John Hancock Tower Finalized - 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