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Apr

05

Rehabbed Boston Waterfront Office Sells for Reported $150M

By Tony Seruga

Union Investment Real Estate GmbH reportedly paid $150 million for the office building occupied by Converse.

One Lovejoy Wharf, Boston

Boston—Boston’s One Lovejoy Wharf, a renovated vintage property recently occupied by Converse as its headquarters, has been sold by Related to Union Investment Real Estate GmbH, on behalf of Union’s open-ended real estate fund Unilmmo: Global, the two parties jointly announced Friday. The sale price has been reported as around $150 million.

The 235,000-square-foot office building, in the North Station neighborhood and formerly known as the Hoffman Building, was vacant before the site was acquired by Related Fund Management in 2012 and redeveloped by Related Beal…

Rehabbed Boston Waterfront Office Sells for Reported $150M

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