Boston–Brookfield Properties announced it has acquired 51 Sleeper Street, an eight-story, 152,000-square-foot office building in the Seaport District with a prominent waterfront location offering sweeping views of Downtown Boston.
Brookfield also announced plans to renovate and rebrand the building to enhance its position as a destination for cutting-edge companies, keeping with the Seaport District’s rise as Boston’s premiere tech and innovation hub.
“The Seaport District continues to grow as a top destination for innovative companies, high-end retail, and first-class residential, and 51 Sleeper Street is located at its doorstep,” said Ben Brown, Executive Vice President and Head of New York and Boston, Brookfield Property Group. “In Brookfield’s signature placemaking style, we are excited to embark on a renovation and rebranding of the building to enhance its position as a home for leading companies aimed at attracting, retaining and motivating Boston’s top talent.”
Built in 1929, 51 Sleeper’s open-plan design enhances productivity and ensures flexibility and collaboration by allowing access to abundant open creative space with beautiful natural light. With sweeping, protected views of Downtown Boston through its oversized windows and its wide-open floors, 51 Sleeper offers tenants a premium work environment.
Brookfield has retained leading, Boston-based architecture firm Merge Architects to consult on possible enhancements of the building’s common areas, including the lobby, retail spaces and a potential roof deck.
Brookfield has tapped Cushman and Wakefield to serve as the exclusive leasing agent for 51 Sleeper Street. Michael Joyce, Thomas Ashe, Thomas O’Regan, Devin Tringale will comprise the leasing team at Cushman and Wakefield. Brookfield Senior Vice President Duncan McCuaig will lead the leasing effort in-house for Brookfield.
“This location represents a gateway to the Seaport area and provides incredible value for the tenants here,” said Michael Joyce, Vice Chairman at Cushman and Wakefield. “Not only is the location convenient to South Station and surrounded by retail amenities, there are also branding opportunities for the companies that will occupy the building once it is renovated.”
Current tenants of the building include architectural design firm Bergmeyer, United Way, The U.S. General Services Administration, and The Department of Early Education and Care. 51 Sleeper is also home to the popular Hoopsters Brewing Company at the base of the building, a brewery and restaurant where patrons can brew their own craft beer.
51 Sleeper sits along the famed Fort Point Channel, within walking distance of Boston’s highest concentration of tier one amenities. It is located steps away from various MBTA bus stops, including the Courthouse bus station with convenient links to Back Bay South End.
In addition, 51 Sleeper sits directly across from Martin’s Park – the new $7 million waterfront park that will provide enjoyment for generations of Boston’s children, families, and visitors. Currently under construction, the park is named to honor the youngest victim of the Boston Marathon bombings, Martin W. Richard.
Brookfield is a leader in global placemaking, creating vibrant, mixed-use destinations across the world. Brookfield Properties is active in the Boston area, with 13 office and life science properties totaling more than three million square feet and six multifamily properties.