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Thursday, 12 October 2017

Ashkenazy Pays $123.2Mln for Boston's South Station Retail/Office Component

Ashkenazy Acquisition Corp. has paid $123.2 million, or $613.60/sf, for the office and retail component of Boston's South Station rail hub. The New York investor bought the 200,775-square-foot property from Blackstone Group's Equity Office affiliate, which had offered it through HFF.

Commercial Real Estate Direct Staff Report

Ashkenazy Acquisition Corp. has paid $123.2 million, or $613.60/sf, for the office and retail component of Boston's South Station rail hub.

The New York investor, which also owns the Faneuil Hall Marketplace in Boston, bought the 200,775-square-foot property from Blackstone Group's Equity Office affiliate, which had offered it through HFF.

The property, with 66,730 sf of retail space and 134,045 sf of office space, is housed in a 118-year-old building that sees some 113,000 commuters and rail riders daily and has nearly 24 million people walk through its halls annually, according to marketing materials. Ashkenazy also owns Union Station, a similar...


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