Irish billionaire closes on Boston’s priciest condo for $35 million

BOSTON–John Grayken, a Cohasset, MA-born private equity billionaire who now is an Irish citizen, has closed on the purchase at the Millennium Tower’s grand penthouse in Boston for $35 million, Boston Business Journal reported.

Citing a Suffolk County deed, Boston Business Journal said Grayken purchased the 13,000-square-foot penthouse under Kilda LLC, an entity managed by Hudson Advisors, the asset management company for Dallas-based Lone Star Funds.

Grayken founded Lone Star Funds in 1995, Boston Business Journal said.

Boston Business Journal was first to report in June that Grayken was the buyer for the Millennium Tower grand penthouse, a unit that went under contract in February. New York-based Millennium Partners, the developer of Millennium Tower at 1 Franklin St. in Boston, had listed the unit at $37.5 million, Boston Business Journal said.

When Millennium Partners announced in February that Millennium Tower’s grand penthouse was under the sale and purchase agreement, the town went abuzz with the question: who is the mystery buyer?

Boston Millenia Partners-sized

 

Perched 625 feet above street level, The Grand Penthouse’s more than 13,000 square feet of living space occupy Millennium Tower’s entire 60th floor. The unit offers panoramic, 360-degree views of Boston, including unprecedented views of the Common, Public Garden, the Charles River, the State House, historic churches, and more. In addition to the expansive indoor living space, The Grand Penthouse boasts a 2,000-square-foot outdoor terrace, spectacularly showcasing sunrises and sunsets over the city.

Located in the heart of Downtown Boston at the site of the former Filene’s Department Store, the 60-story Millennium Tower Boston is the city’s preeminent urban luxury residential offering.

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