{"id":1004203323,"date":"2018-01-11T08:18:36","date_gmt":"2018-01-11T16:18:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004203323"},"modified":"2022-12-06T19:05:12","modified_gmt":"2022-12-07T03:05:12","slug":"nkf-closes-25m-sale-of-mixed-use-boston-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/","title":{"rendered":"NKF Closes $25M Sale of Mixed-Use Boston Asset"},"content":{"rendered":"

By Beata Lorincz<\/p>\n

\"41<\/a>

41 Winter Street Interior<\/p><\/div>\n

Gazit Horizons Inc., a subsidiary of Israel-based Gazit-Globe, has expanded its mixed-use portfolio<\/a> with the acquisition of a 28,690-square-foot building in Boston\u2019s historic Downtown Crossing neighborhood. Frazer Capital, represented by NKF Capital Markets, disposed of the asset for $24.8 million.<\/p>\n

Located at 41 Winter St. in one of Boston\u2019s most dynamic districts, the eight-story, fully leased building includes office space and ground-floor retail. The property is anchored by Liberty Travel, which\u00a0recently signed a lease.<\/p>\n

Recent upgrades<\/h2>\n

Due to recent renovations by Frazer, the building has improved accessibility and a refurbished interior,\u00a0including the lobby.<\/p>\n

The NKF Capital Markets team included U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Directors Geoffrey Millerd and Matthew Pullen, Managing Director Justin Smith, Associate Director Paul Penman and Financial Analyst Christopher Peterson.<\/p>\n

“This asset offers an attractive combination of stable in-place income and achievable upside potential, located directly adjacent to excellent public transportation,”<\/em> said Penman, in prepared remarks. “It also represents another very successful execution for Frazer Capital, which acquired the property for $12 million in January 2016.”<\/em><\/p>\n

Image courtesy of\u00a0NKF Capital Markets<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Frazer Capital has sold 41 Winter St., a roughly 29,000-square-foot, eight-story building anchored by Liberty Travel. The property is located in Boston’s booming Downtown Crossing district.<\/p>\n","protected":false},"author":739,"featured_media":1004506911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21783,21752,21742,10],"tags":[32916,34932,38840,36007,38539],"class_list":["post-1004203323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-investment","category-mixed-use","category-latest","category-northeast","tag-gazit-globe-ltd","tag-justin-smith","tag-matthew-pullen","tag-newmark-knight-frank","tag-robert-griffin"],"acf":[],"yoast_head":"\nNKF Closes $25M Sale of Mixed-Use Boston Asset - 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\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NKF Closes $25M Sale of Mixed-Use Boston Asset\" \/>\n<meta property=\"og:description\" content=\"Frazer Capital has sold 41 Winter St., a roughly 29,000-square-foot, eight-story building anchored by Liberty Travel. The property is located in Boston's booming Downtown Crossing district.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/\" \/>\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=\"2018-01-11T16:18:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T03:05:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/41-Winter-Street-Interior.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/\",\"name\":\"NKF Closes $25M Sale of Mixed-Use Boston Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/41-Winter-Street-Interior.jpg\",\"datePublished\":\"2018-01-11T16:18:36+00:00\",\"dateModified\":\"2022-12-07T03:05:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/41-Winter-Street-Interior.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/41-Winter-Street-Interior.jpg\",\"width\":800,\"height\":533},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-25m-sale-of-mixed-use-boston-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NKF Closes $25M Sale of Mixed-Use Boston Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. 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