DivcoWest, a DivCore Capital company, has acquired 399 Boylston St., a premier 245,000-square-foot class A office building in Boston’s Back Bay.
The seller was Blackstone, reported Bloomberg. The sales price was estimated to be $124 million. Blackstone purchased the asset in 2014 for $117 million.
The property, which is more than 90 percent leased, represents DivcoWest’s continued confidence in Boston’s innovation economy and enduring appeal as one of the nation’s most dynamic urban office markets, according to a statement from the firm.
Positioned at the intersection of Boston’s historic and business districts, 399 Boylston St. combines timeless architecture with $35 million in newly completed tenant-focused upgrades, including a full-service fitness center, yoga studio, bike storage, locker rooms, showers, and a salon. The building’s prime location provides immediate access to the MBTA Green Line, with connections to the Red and Orange Lines just t
