{"id":1004081377,"date":"2013-08-07T06:28:26","date_gmt":"2013-08-07T14:28:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004081377"},"modified":"2022-12-08T22:15:04","modified_gmt":"2022-12-09T06:15:04","slug":"morgan-stanley-fund-grabs-50-of-boston-trophy-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/morgan-stanley-fund-grabs-50-of-boston-trophy-building\/","title":{"rendered":"Morgan Stanley Fund Grabs 50% of Boston Trophy Building"},"content":{"rendered":"<p><i>By Keith Loria, Contributing Editor<\/i><\/p>\n<div id=\"attachment_1004081380\" style=\"width: 235px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/One-Post-Office-Square.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004081380\" data-attachment-id=\"1004081380\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/morgan-stanley-fund-grabs-50-of-boston-trophy-building\/one-post-office-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/One-Post-Office-Square.jpg\" data-orig-size=\"375,500\" 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;&quot;}\" data-image-title=\"One Post Office Square\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy: flickr user Monica Shaw&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/One-Post-Office-Square.jpg?w=375\" class=\"size-medium wp-image-1004081380\" alt=\"Courtesy: flickr user Monica Shaw\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/One-Post-Office-Square.jpg\" width=\"225\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/One-Post-Office-Square.jpg 375w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/08\/One-Post-Office-Square.jpg?resize=225,300 225w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/a><p id=\"caption-attachment-1004081380\" class=\"wp-caption-text\">Courtesy: flickr user Monica Shaw<\/p><\/div>\n<p>In a deal that was first reported by Bisnow, a Morgan Stanley real estate fund has acquired the Blackstone Group\u2019s 50 percent share of One Post Office Square, a 40-story office building in Boston\u2019s financial district, for a reported $550 million.<\/p>\n<p>At $776 a square foot, the purchase is the largest sale in the area post-recessionary and now gives the Morgan Stanley fund 100 percent ownership of the building. A spokesperson for Morgan Stanley declined to provide any further details.<\/p>\n<p>Located at 60 State St., the Class A office skyscraper is Boston\u2019s 10th-tallest building, standing 525 feet tall. An attached, eight-level parking garage offers 368 parking spaces and direct access to the building\u2019s lobby.<\/p>\n<p>High-profile tenants include McCall &amp; Almy, Putnam Investments, and Sullivan &amp; Worcester L.L.P.<\/p>\n<p>One Post Office Square is connected to the five-star Langham Hotel, and includes retail space and a first-class cafe. Outside, the wide-reaching dining and boutique options of Faneuil Hall and Downtown Crossing are just steps away.<\/p>\n<p>Colliers\u2019 Lisa Campoli told Bisnow that the building is a great asset in an exceptional location, and the deal makes sense for Morgan Stanley, which wants to expand its U.S. real estate portfolio.<\/p>\n<p>This marks Blackstone\u2019s fourth sale in the Boston area in 2013, all deriving from the Equity Office Properties Trust portfolio, which Blackstone acquired from Sam Zell for $39 billion in 2007.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a deal that was first reported by Bisnow, a Morgan Stanley real estate fund has acquired the Blackstone Group\u2019s 50 percent share of One Post Office Square, a 40-story office building in Boston\u2019s financial district, for a reported $550 million.<\/p>\n","protected":false},"author":451,"featured_media":1004081380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21808,21783,11,21742,21747],"tags":[],"class_list":["post-1004081377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-featured","category-investment","category-midatlantic","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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