Elderhostel, Inc. – a travel educational firm that tenants the building – sold 11 Avenue de Lafayette to 11 ADL Property, LLC – a subsidiary of MC Real Estate Partners – for $22,925,000. MCRE, in partnership with Taconic Capital Advisors, intend to execute a comprehensive capital improvement program to reposition 11 Avenue de Lafayette as a best-in-class boutique […]
BOSTON, May 6, 2021 /PRNewswire via COMTEX/ — BOSTON, May 6, 2021 /PRNewswire/ — MC Real Estate Partners LLC (MCRE), in a joint venture with an affiliate of Taconic Capital Advisors L.P. (Taconic), has acquired 11 Avenue de Lafayette, a 57,000-square-foot, five-story office building in downtown Boston for $23 million. The partnership bought the property from Elderhostel, […]
Joint venture purchases boutique office building to implement capital improvement and leasing program; property sits adjacent to MCRE’s office acquisition 110 Chauncy Street BOSTON, May 6, 2021 /PRNewswire/ — MC Real Estate Partners LLC (MCRE), in a joint venture with an affiliate of Taconic Capital Advisors L.P. (Taconic), has acquired 11 Avenue de Lafayette, a 57,000-square-foot, five-story office building […]
IREI,
MC Real Estate Partners (MCRE), in a joint venture with an affiliate of Taconic Capital Advisors, has acquired 11 Avenue de Lafayette, a 57,000-square-foot, five-story office building in downtown Boston for $23 million. The partnership bought the property from Elderhostel, the previous owner and primary occupant of the building. As part of the acquisition, Elderhostel, a […]
BOSTON — Broker CBRE pretty much had them at ‘Hello,’ but more was required than “good symmetry” and a sunshiny view of brick-and-beam CRE for MC Real Estate Partners to toast yesterday’s $23 million all-cash purchase of the enduring 11 Avenue de Lafayette barely a month after buying adjacent 110 Chauncy St. and thinning an uncertain malaise lingering over Greater Boston’s office sector in a post-pandemic limbo.
MC Real Estate Partners has acquired 110 Chauncy Street in Downtown Boston for $34,574,035. The loan was provided by Berkshire Bank. As a key component of the transaction, Sasaki simultaneously signed a 16-year lease and will be the primary occupant of the 8-story building, which will house its 250+ Boston-based employees and the Sasaki Foundation in the top […]
Institutional Real Estate, Inc,
MC Real Estate Partners (MCRE) and a private capital partner have acquired a 76,000-square-foot building in downtown Boston, located at 110 Chauncy Street. This is MCRE’s third property in Boston. MCRE has also completed a long-term lease agreement with global design firm Sasaki for the majority of the building’s office space. The two companies are […]
MC Real Estate Partners LLC, in partnership with an undisclosed capital source, has purchased a 76,000-square-foot historic office building located at 110 Chauncy St. in downtown Boston. The property was originally built in the 1890s and will serve as the new headquarters for global design firm Sasaki, which has signed a 64,000-square-foot lease. MC Real […]
MC Real Estate Partners has acquired 110 Chauncy Street, a 76,000-square-foot office property in downtown Boston. The sales price was not disclosed. In addition to the acquisition, global design firm Sasaki has signed a 64,000-square-foot, 16-year lease at the property.
Sasaki has found a Boston home, signing a 16-year lease for the majority of space at an office building near the Chinatown T stop. MC Real Estate Partners purchased the largely vacant 76K SF 110 Chauncy St. for $27.8M this month, and signed Sasaki to occupy 64K SF in the top seven floors of the eight-story building, MCRE announced Monday.