Brickman is selling its 313 and 330 Congress Street office buildings in Boston, Massachusetts. The two properties, totaling 106,028 square feet, were acquired through the New York-based firm’s Brickman Real Estate Fund II, which invests in core and opportunistic real estate assets in the US, according to a statement from Holliday Fenoglio Fowler.
Brickman bought the properties for around $23 million in 2006 from New Congress Associates, an affiliate of Edwards Day Property Investments. Brickman was not available for comment by press time.
Located in Boston’s Fort Point Channel area, the properties are currently 98 percent leased with tenants such as National Mentor Holdings, Neoscape and Commercial Construction. The buildings are located near the South Boston Waterfront District and the city’s financial district. US real estate and capital markets services firm Holliday Fenoglio Fowler is marketing the properties.
Since 1992, New York-based Brickman has invested more than $2.7 billion of capital in real estate deals in the US. The firm owns and operates properties, with opportunistic and core investment strategies.