BOSTON— In one of the year’s most notable retail real estate transactions, JLL Capital Markets has announced the $83 million sale of the Mandarin Oriental Retail Collection, a premier trophy retail asset located in Boston’s prestigious Back Bay neighborhood.
The collection, which spans 28,856 square feet across 772 and 776–778 Boylston Street, sits at the base of the Mandarin Oriental Hotel and the Prudential Center—one of Boston’s most iconic commercial and shopping destinations. With 100 feet of frontage on Boylston Street, the property enjoys exceptional visibility and high foot traffic from locals and tourists alike.
JLL represented the seller in the transaction and procured the buyer, The Hennick Group, a privately held investment company.
“The Mandarin Oriental Retail Collection is a true trophy asset in an incredible location in Boston,” said Chris Angelone, Senior Managing Director at JLL. “The sale price represented one of the highest price-per-square-foot retail trades in the city’s history, which is a testament to the exceptional quality of the asset and the opportunity for The Hennick Group going forward.”
Prime Location, Premium Tenants
Strategically located between luxury hotels, residential towers, and major tourist attractions, the retail collection benefits from steady consumer foot traffic. The area is adjacent to popular destinations such as Eataly, View Boston, Fenway Park, Boston Public Garden, Boston Public Library, and Copley Square.
The property is currently 82.2% leased, with anchor tenant Citizens Bank occupying a prominent space. Other tenants include luxury linen retailer Frette, beauty brand MiniLuxe, and eyewear boutique Lunette Optic.
Team Behind the Deal
The JLL Capital Markets team representing the seller included: Chris Angelone, Senior Managing Director, Zach Nitsche, Director, Sam Wiesman, Associate, Anthony Cutone, Managing Director.
A Landmark Deal for Boston Retail
This high-profile sale underscores the continued demand for prime urban retail real estate, even amid broader challenges in the commercial property market. The transaction signals renewed investor interest in high-foot-traffic, high-income urban corridors, particularly those anchored by luxury and experiential retail.
With retail performance in Boston’s core neighborhoods showing signs of resilience, the acquisition offers The Hennick Group an opportunity to build on the property’s prestige and long-term value.
