NAI Hunneman's investment sales group brokered the $30.85 million sale of the Centurion Portfolio to Synergy Investments.
NAI Hunneman executive vice president/principal David Ross and investment sales associate Gina Barroso represented the seller, Centurion Realty LLC, and procured the buyer, Synergy Investments. In addition to the sale, NAI Hunneman vice presidents David Cooney and Bonny Doorakian have been retained as exclusive leasing agents for the properties.
Located in the city's Downtown Crossing and the Financial District, the four-building, 138,851 s/f office portfolio consists of the following properties:
* 184 High St.
* 71 Summer St.
* 77 Summer St.
* 87 Summer St.
"The properties offered Synergy Investments a substantial office portfolio with a strong tenant roster in addition to the potential for future upside. Synergy Investments has been very active in Boston's office market and were a natural fit for the Centurion Portfolio." said Ross. "The Summer St. buildings are located within the heart of the Downtown Boston Business Improvement district, which has seen a dramatic revitalization over the last several years, making these buildings an ideal destination for emerging technology, innovation and growing firms."
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 350 offices in 55 countries throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. NAI offices around the world complete over $45 billion in transactions annually, and manage over 200 million s/f of commercial space.
Synergy is a Boston-based real estate investment and development firm focused on the acquisition and operation of office, retail, and residential assets, and their associated debt. The firm's specific capabilities include acquisition, debt placement, asset management, leasing, property management, permitting, and construction management. Synergy's growing portfolio is approaching 2.5 million s/f across 26 select office properties situated in the commercial heart of one of the nation's most dynamic and desirable real estate markets. Synergy is committed to steady and sustainable growth, and continues to build its portfolio based on a focused and deliberate investment strategy.