- October 1, 2015: Vol. 27, Number 9

To read this full article you need to be subscribed to Institutional Real Estate Americas

Boston market attracts property investors

by Andrea Waitrovich

Investments in Boston are starting to amount to a pretty big hill of beans.

Canada-based Oxford Properties Group, which invests in real estate on behalf of the $40 billion Ontario Municipal Employees’ Retirement System, with its joint venture partner J.P. Morgan Asset Management, is under contract to purchase two properties in Boston’s Back Bay for an estimated $1.5 billion from The Blackstone Group. The Back Bay office buildings are located at 222 Berkeley St. and 500 Boylston St., which occupy the same block and share a garage. The 758,320-square-foot 500 Boylston is valued at $867.2 million, while the Berkeley Street building is valued at $632.8 million.

Earlier this year, Oxford purchased the office located at 745 Atlantic Ave. in Boston for $114.5 million from Beacon Capital Partners. In 2014, Oxford and J.P. Morgan acquired three class A buildings in Boston and Cambridge, Mass., from Blackstone for more than $1.53 billion. And in a separate deal last year, Ox

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy