100 High Street | Boston Office Spaces

Office building at 125 Summer Street (click for details)

Our city is on the move, and along with it, some noteworthy addresses. 100 High Street and 125 Summer Street are the latest towers to announce that they are under agreement to be sold by Equity Office, Blackstone. The sale is expected to close in September.

The BBJ, reporting on Blackstone’s portfolio activity, notes “the private equity firm, which acquired its Greater Boston property portfolio in 2007 when it bought Equity Office Properties Trust for $39 billion, has reached an agreement to sell five office properties in Greater Boston to a Canadian real estate investment firm. The deal is the latest move by New York-based Blackstone as it disposes of the local real estate portfolio it bought before the financial crisis.”

More information is available on the Boston Business Journal’s coverage, here.

125 summer street in Boston

Who is your new landlord and should you care? Equity Office, Blackstone, is in the process of selling off assets. The newest to be announced are 100 High Street and 125 Summer Street.

From Banker & Tradesman:

“Private equity giant Blackstone Group will sell five Boston properties to Oxford Properties Group of Toronto for $2.1 billion, the Wall Street Journal reported.
The deal comprises 3.2 million square feet of office space, including 100 High St. and 125 Summer St. in Boston…Oxford will jointly purchase three other properties with J.P. Morgan Chase: 60 State St. and 225 Franklin St. in Boston and One Memorial Drive in Cambridge, the Journal reported.”

Additional details on the sale are available on the B&T website.

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