JLL Closes $41 Million Aale of seven Publish Workplace Sq.: Boston’s First Workplace Commerce Since January 2022

BOSTON–  JLL Capital Markets announced that it has closed the $41 million sale of 7 Publish Workplace Sq., a seven-story, 64,246-square-foot workplace constructing within the coronary heart of Boston’s Monetary District.

JLL represented the vendor, Nuveen Actual Property, and recognized the customer, Azora Exan Capital, following a proper advertising course of. The sale represents the primary workplace commerce within the Boston market since January 2022.

Situated on the intersection of Franklin and Congress St, 7 Publish Workplace Sq. boasts a primary Monetary District location fronting Publish Workplace Sq.. The transit-oriented constructing is throughout the road from the Publish Workplace Sq. Storage and simply minutes from South Station, in addition to a number of MBTA stations and the commuter ferry. The fast space surrounding 7 Publish Workplace Sq. gives an abundance of facilities, together with a wide range of eating places and motels, together with the newly up to date Langham Resort, Excessive Avenue Place and The Change at 100 Federal Avenue.

The boutique business property has a distinguished nook location permitting for gentle on 4 sides of the constructing and gives floor-to-ceiling home windows, environment friendly floorplates and a extremely seen foyer that includes a Constancy investor heart department. Total, 7 Publish Workplace Sq. is 91 p.c leased to eight tenants and anchored by Constancy Investments, who has occupied the constructing since 1996.

The JLL Capital Markets Funding Gross sales and Advisory staff representing Nuveen was led by Senior Managing Director Chris Angelone, Govt Managing Director Coleman Benedict, Senior Director Scott Carpenter and Associates Scott Tully, Jr. and Brooke Howard and Analyst Rachel Bliss.

The Nuveen staff was led by Ines Olesen, Senior Director, US Head of Inclinations for Office, Retail and Combined-Use, and Dave Dyer, Director, for Office, Retail and Combined-Use.

The Azora Exan staff was led by Managing Companion Ignacio Gil-Casares and Senior Affiliate Nicolas Guemes.

“7 Publish Workplace Sq. was a singular alternative with worth permanence primarily based on its prime location, structure, and visibility,” Angelone mentioned. “This deal validates investor urge for food for differentiated belongings in the correct location.”

“7 Publish Workplace Sq. gives precisely what buyers are in search of in immediately’s market: best-in-class product with long run lease and robust tenancy,” added Nuveen’s Olesen.

Gil-Casares remarked, “7 Publish Workplace Sq. is the right instance of the chance that we see to purchase trophy workplace buildings in prime areas.  We wish to proceed this opportunistic technique in choose markets.”

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