Synergy Investments and GreenOak recapitalize Ten Post Office Square - arranged by NGKF Capital Markets team

Boston, MA  NGKF Capital Markets completed the recapitalization of Ten Post Office Sq. in downtown. The NGKF Capital Markets Boston team led by U.S. head of capital markets Robert Griffin, vice chairman Edward Maher and executive managing director Matthew Pullen oversaw the recapitalization of the class B office asset with LaSalle Investment Management on behalf of Synergy Investments and GreenOak. 

Totaling 452,000 s/f within two towers, Ten Post Office Sq. represents one of downtown’s top-quality class B assets. The 14-story property is 94% leased to 40 tenants.

“Ideally positioned to draft off of downtown Boston’s high-performing class B office market, Ten Post Office Sq. boasts an outstanding rent growth story in recent years,” said Maher. “The property’s in-demand class B office space and commanding presence along Post Office Sq., the city’s go-to gathering place, combine to create a desirable destination for a variety of firms.” 

Ten Post Office Sq. features access to major regional highways and public transportation hubs. I-90 (Mass. Pike) and I-93 are close, while South Station is a 10-minute walk away. Additionally, the property is surrounded by the city’s amenities. 

 

 

 

Synergy Investments is a full service real estate investment and operating company primarily focused on the Boston
market. Synergy is one of the largest and most active landlords in the City with a growing portfolio that includes 3 million square feet, providing space to more than 350 businesses and organizations. 

Synergy Investments focuses on commercial properties in Boston based on its belief in the long term fundamentals of the asset class and market. Its buildings have been consistently recognized as some of the best run in the city. Synergy’s attention to detail, teamwork and care in executing the asset’s operating plan translates into renewed leases at lower transaction costs as well as improved services and more efficient operations. This high level of responsiveness, professionalism and integrity all combines to produce one of the highest occupancy rates in the city. 

GreenOak is a global partner-owned, real estate focused, principal investing, lending and advisory firm. Since 2011, GreenOak has raised $5.7 billion of equity to invest in various funds, targeted strategies and assets. With over 90 professionals in eight offices, the firm specializes in assets requiring significant repositioning through active property and asset management and/or redevelopment.

Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents. 

With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services.