Boston, MA – Commercial real estate advisory firm Newmark announced the sale of 343 Congress Street, a 114,677-square-foot mixed-use building in Boston’s Fort Point neighborhood.
The five-story property, known for its classic brick-and-beam architecture and prime location in the city’s Seaport District, was sold by BGO to North Colony Asset Management.
Newmark’s U.S. Capital Markets Co-Head Robert Griffin led the transaction alongside Boston-based Capital Markets team members Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, and William Sleeper. The team represented the seller and also procured the buyer.
Anchored by Chewy, the leading U.S. e-commerce retailer for pet products, the property’s office component is fully leased. The ground floor is home to two well-known dining establishments: The Smoke Shop, a barbecue favorite, and Pastoral, known for its artisan pizza.
“343 Congress Street generated exceptional investor interest due to its high-quality brick-and-beam construction and prime location in Boston’s innovation district,” said Matthew Pullen, Vice Chairman at Newmark. “This type of product, while supply-constrained, strongly appeals to creative office users and is increasingly sought after by institutional capital.”
Situated within walking distance of South Station, the property benefits from its strategic location in the amenity-rich Fort Point section of the Seaport, one of Boston’s fastest-growing commercial and residential hubs.
North Colony Asset Management sees the acquisition as a key milestone. “343 Congress Street is a property we’ve had our eye on since we began investing in Boston over 20 years ago,” said Brian Antonellis, Partner at North Colony. “Its institutional floor plates, high-end finishes, and premier location made it a perfect fit for our growing, vertically integrated platform.”
Financial analysis support for the deal was provided by Newmark’s Grady Zink.
