BOSTON– Senné announced that it has purchased One Lewis Wharf, a waterfront office building in Boston’s North End for $13.2 million.
The transaction was brokered by CBRE, and Hingham Institution for Savings provided first mortgage financing.
“Hingham Institution for Savings was pleased to play a role in the financing of such a highly-visible, well-known property on Boston’s waterfront. Senné was an excellent partner in this transaction and we look forward to continuing our relationship,” said Patrick Gaughen, President and COO of Hingham Institution for Savings.
One Lewis Wharf features prominently in the Boston waterfront skyline. The three-story office building is a combined 15,852-square feet.
Senné headquarters will be located at One Lewis Wharf, but the company will still maintain a presence in Cambridge.
The property was originally constructed in 1981 and had undergone a complete rehab in 2014. One Lewis Wharf includes five rentable boat slips and direct access to Boston Harbor.
“We are so thankful for the opportunity to purchase such an iconic property as One Lewis Wharf,” said William Senné, President and CEO of Senné. “From One Lewis Wharf, our firm will expand our Greater Boston suite of high-quality real estatea dvisory services.”
Senné is a real estate advisory and investment firm headquartered in Boston. Senné is privately held and comprised of specialists in brokerage, valuation, management, finance, marketing, construction, design, and urban planning.