{"id":1004085911,"date":"2013-10-28T06:13:59","date_gmt":"2013-10-28T14:13:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004085911"},"modified":"2022-12-07T23:19:01","modified_gmt":"2022-12-08T07:19:01","slug":"clarion-acquires-173-ksf-office-building-in-boston-for-121m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-173-ksf-office-building-in-boston-for-121m\/","title":{"rendered":"Clarion Acquires 173 KSF Office Building in Boston for $121M"},"content":{"rendered":"<p><i>By Scott Baltic, Contributing Editor <\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004085913\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/clarion-acquires-173-ksf-office-building-in-boston-for-121m\/13-141\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg\" data-orig-size=\"4264,2976\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Bill Horsman&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;10 Brookline Place Brookline, MA for onetime use by Eastdil Secured&quot;,&quot;created_timestamp&quot;:&quot;1357561472&quot;,&quot;copyright&quot;:&quot;\\u00a9 Bill Horsman all rights reserved 2013&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;13-141-&quot;}\" data-image-title=\"13-141-\" data-image-description=\"&lt;p&gt;10 Brookline Place Brookline, MA for onetime use by Eastdil Secured&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?w=1024\" class=\"alignleft size-medium wp-image-1004085913\" alt=\"13-141-\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg\" width=\"300\" height=\"209\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg 4264w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=300,209 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=768,536 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=1024,715 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=1536,1072 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=2048,1429 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=150,105 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=696,486 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=1068,745 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=1920,1340 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=602,420 602w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/CLARION.jpg?resize=100,70 100w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Clarion Partners, of New York, has purchased a six-story, 173,439-square-foot office building in Brookline, Massachusetts for $121.0 million, Clarion announced Thursday. The seller of 10 Brookline Place was Invesco Real Estate, and the sale was handled by Eastdil Secured.<\/p>\n<p>The building is fully leased to tenants the Dana-Farber Cancer Institute, the anchor tenant, and to The New England Institute of Art, a subsidiary of Education Management Corp.<\/p>\n<p>The all-cash transaction closed on Oct. 17, Clarion Director Gary Rufrano told <i>Commercial Property Executive<\/i>.<\/p>\n<p>Part of the attraction to 10 Brookline, Rufrano said, was that Clarion is familiar with both the area (with partners, it\u2019s developing an office\/laboratory project roughly a mile away) and with Dana-Farber, which occupies space at another Clarion building.<\/p>\n<p>The building is approximately at the southwest edge of Boston\u2019s Longwood Medical and Academic area, home to Harvard Medical School, Beth Israel Deaconess Medical Center, Boston Children\u2019s Hospital and Brigham and Women\u2019s Hospital.<\/p>\n<p>Over the last 15 years, the property reportedly has maintained an average occupancy rate of 99.1 percent, partly thanks to the area\u2019s amenities, which include numerous restaurants and covered parking.<\/p>\n<p>The area is well served by public transportation, Rufrano noted, and the building is essentially at the Brookline Village station on the \u201cT\u2019s\u201d Green Line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clarion Partners has purchased a six-story, 173,439-square-foot office building in Brookline, Mass. for $121 million.<\/p>\n","protected":false},"author":882,"featured_media":1004085913,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21783,11,21742,21747],"tags":[],"class_list":["post-1004085911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-investment","category-midatlantic","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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