Yankee’s Buy Boston’s Hancock Tower
Not completely, but Boston’s famous Hancock Tower was sold to a New York company, Broadway Real Estate Partners, as part of a 1.3 billion dollar deal. If I was a Boston native, and a Red Sox fan, I would be less than thrilled to have New Yorkers owning their landmark building.
Beacon Capital Partners selling to Broadway Real Estate Partners. What next, Stienbrenner buying the Red Sox? The Horror, The Horror…
Broadway Real Estate Partners has purchased the John Hancock Tower from Beacon Capital Partners.
The 790-foot-tall, 60-story glass tower in the Back Bay was designed by architect I.M. Pei and completed in 1976.
The reported one-point-three (b) billion dollar deal also included two smaller properties: The old Hancock tower at 200 Berkeley Street and a building a 197 Clarendon Street. Broadway Partners then re-sold those properties to Manulife Financial — the parent company of John Hancock Financial Services — for 454 (m) million dollars. via Eyewitness News
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