Boston– NGKF Capital Markets has completed the recapitalization of Ten Post Office Square in Downtown Boston, MA. The NGKF Capital Markets Boston team led by U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher and Executive Managing Director Matthew Pullen oversaw the recapitalization of the premier Class B office asset with LaSalle Investment Management on behalf of Synergy Investments and GreenOak.
Totaling 452,000 square feet within two towers, Ten Post Office Square represents one of Downtown Boston’s top-quality Class B assets. The 14-story property is presently 94 percent leased to a diverse roster comprising nearly 40 tenants.
“Ideally positioned to draft off of Downtown Boston’s high-performing Class B office market, Ten Post Office Square boasts an outstanding rent growth story in recent years,” said Maher. “The property’s in-demand Class B office space and commanding presence along Post Office Square, the city’s go-to gathering place, combine to create a desirable destination for a variety of firms.”
By virtue of its location in the heart of Downtown Boston, Ten Post Office Square features convenient access to major regional highways and public transportation hubs. Interstates 90 (Massachusetts Turnpike) and 93 are just moments away, while South Station, Boston’s primary transit center, is less than a 10-minute walk away. Additionally, the property is immediately surrounded by the city’s wealth of amenities.