![]() In its early days for its huge windows, which sometimes popped out and fell to the streets below, forcing police to cordon off the area. The tower, near Boston’s Copley Square, earned notoriety The 790-foot, blue-glass Hancock Tower was designed by the architectural firm Pei Cobb Freed & Partners and was completed in 1976. ![]() Office tower in a foreclosure auction in March 2009 for about $660 million, including $20 million in cash and $640 million in debt. The Normandy-Five Mile Capital partnership bought the 62-story The transaction is expected to close in the fourth quarter. Real Estate Partners and Five Mile Capital Partnersīoston Properties is paying $289.5 million in cash and assuming $640.5 million in debt in the deal. “The bidding was as fierce as anything I’ve ever handled during my 30 years in this business,’’ said Robert Griffin of Cushman & Wakefield, who brokered the deal for sellers Normandy The firm beat out several other bidders, including former owner Beacon Capital Partners of Boston, Vornado Realty Trust of New York, and Fortis Properties, also of New York, among others. This iconic building is internationally recognized for its dramatic image and design, and is one of Boston’s most distinctive and well-known office towers. ![]() That competition was stiff for the tower, and that the deal “marks a resurgence in demand for trophy office buildings”: The John Hancock Tower, at 200 Clarendon St., is New England’s tallest building standing 790-feet-tall, offering 1.7 million SF of office and retail space. It’s the second tallest residential building in Chicago and the third tallest in the United States. ![]() The high-rise houses 700+ condos in its 100 stories. The company, Boston Properties, agreed to acquire the John Hancock Tower and Garage from a partnership between Normandy Real Estate Partners and Five Mile Capital Partners, The Associated Press reported. 950 N Michigan Ave Water Tower Place Olympia Centre THE BUILDING The John Hancock Center building was built in 1969 at 175 East Delaware Place. Boston’s tallest skyscraper and one of the city’s most recognizable landmarks is being sold to the real estate tycoon and newspaper publisher Mortimer Zuckerman’s company for $930 million, the firm ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |