German investor rumored to pay $442m for Boston office
Germany-based Union Investment is in talks to purchase 101 Seaport in Boston from Sweden-based Skanska AB. Real Capital Analytics has identified the sales price as $442 million; however, an official statement has not been announced.
The 44,000-square-foot office, located at the corner of Seaport Boulevard and Boston Wharf Road, across from Boston’s Innovation Center and the future Seaport Square Park, is 100 percent leased, serving as the headquarters for PricewaterhouseCoopers.
In 2012 Skanska and its joint venture partners purchased the land parcel for the office building, paying $36 million. It was the firm’s third purchase in the city’s burgeoning Seaport District. The U.S. unit of Swedish construction Skanska managed the $126 million development plan.
Skanska’s Boston investments were part of a 23-acre, 6.3 million-square-foot residential, commercial, hotel, retail and civic center development of Seaport Square, which is a