Azora, the Madrid-based European real estate investment manager, via its Azora Exan business, has completed the $39 million purchase of a Boston office building at 801 Boylston Street. The 2,400-square-meter (25,800-square-foot) asset offers mixed-use retail and office space and represents an exceptional alternative, primarily for family offices or private equity firms seeking representation in the Back Bay submarket.
The boutique office building is 91 percent leased to private equity and real estate investment firms, such as Fidelity Investments, which has housed one of its main offices in the building since 1999, occupying the first three floors with a total of 14,364 square feet and 55 percent of the gross lettable area.
The building, which features garage parking, secure lift access to each floor and unparalleled views, is located in the heart of Boston's Back Bay, the city's most exclusive residential and office area, at the intersection of Boylston and Fairfield
