Mori Trust Enters US with Big Boston Buy

The Japanese company has agreed to pay $673 million to acquire two Back Bay office buildings in a partial sale-leaseback transaction with Liberty Mutual.

BostonMori Trust Co. Ltd. knows how to make an entrance. The Tokyo-based real estate company has joined the brimming crowd of foreign investors in U.S. real estate with the formation of a U.S. subsidiary, Mori America LLC, and the acquisition of a premier office complex in Boston. Mori Trust snapped up 10 St. James Ave. and 75 Arlington St. from tenant Liberty Mutual in a partial sale-leaseback transaction. The price tag on the Class A assets: approximately $673 million, according to Suffolk County property records…

Mori Trust Enters US with Big Boston Buy

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