Boston, MA JLL has arranged the $482 million sale of One Marina Park Dr., a 491,573 s/f multi-tenant office tower with street-level retail space.
Designed by Elkus Manfredi, One Marina Park Dr. is an18-story LEED Gold asset, located within Fan Pier – The Fallon Company’s 3 million s/f mixed-use development in the Seaport. Completed in 2010, the building is a focal point of the city’s skyline.
Today the property is 100% leased to tenants including Fish & Richardson, Enel X, Intarcia Therapeutics, Gunderson Dettmer, Battery Ventures and Polaris Ventures. As such, this investment offers the unique combination of strong cash flow, near-term upside and long-term capital appreciation.
JLL’s Capital Markets team representing the seller was led by Coleman Benedict, Matthew Sherry, Kerry Hawkins and Ben Sayles.