Boston, MA Newmark Knight Frank (NKF) completed the sale of 100 Summer St. in downtown on behalf of Blackstone and EQ Office to Rockpoint Group for an undisclosed price. Vice chairman, Edward Maher and executive managing directors, Matthew Pullen and James Tribble of NKF’s Boston Capital Markets team oversaw the transaction of the mixed-use trophy tower in conjunction with NKF executive managing director, David Martel and senior managing director, Timothy Bianchi.
In addition, NKF’s Boston Debt & Structured Finance team – which is led by executive managing director, David Douvadjian Sr. with senior managing director, Brian Butler, managing director, Timothy O’Donnell and director, David Douvadjian, Jr. – represented the buyer in arranging financing for the transaction.
100 Summer St. comprises a 32-story tower with 1.1 million s/f of office/retail space and a below-grade parking garage with 102 parking spaces.
“Significant capital improvements have fully transformed 100 Summer St. into a modern workplace with a brand-new lobby and a top-tier amenity center featuring a coffee bar, gaming areas and a fitness center,” said Maher. “These upgrades have enabled the property to appeal to premier ‘innovation economy’ tenants, generating an impressive 600,000 s/f of leasing velocity throughout the past three years.”