The ever so popular mentioning of the Innovation District is
once again making headlines. This 1,000-acre area in Bostons Seaport just
had $106.7 Million in Real Estate traded. The private Real Estate
investment firm known as DivcoWest are the proud new owners of what
surmounted to four buildings spread throughout the area which were
previously owned by a fund controlled by Brickman Real Estate out
of New York.
Now possessing over three million square feet in total
Commercial Real Estate, DivcoWest has now added 373,000 square feet
to their portfolio. This figure comes from these four buildings
with 313 and 330 Congress Street totalling 106,000 square feet,
Harbor Corporate Center at 300 A Street also of 106,000 square
feet, and 51 Sleeper Street with 150,000 square feet of office
space. In a past blog we
even mentioned how Bostons Commercial Real Estate performance has
far and away exceeded the production of other cities Nationwide of
late and is leading the way in a market recovery towards the
successful numbers achieved back in 2007. Ultimately this news
about the Innovation District is fantastic. It only further shows
the commitment of firms to relocate here, redevelop existing
property and set this area up for a future that will be buzzing
with new technology firms and other prosperous ventures on every
corner.
More Information: Boston Business
Journal