Azora acquires mid-rise, 45K SF modern office asset in Boston for $101M ($2,220.02psf)

  • 10/17/2024

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Azora announced it has completed the purchase of a modern office building in Boston, located at 149 Newbury St., for $101 million.

This trophy, mixed-use building offers 45,495 rentable square feet for offices and luxury retail spaces across five floors. The asset features cutting-edge design with LEED Gold certification and is situated along the Newbury Street commercial corridor, surrounded by luxury shops and restaurants in Boston’s exclusive Back Bay neighborhood.

The building is 81 percent leased to top-tier tenants. The ground floor is fully leased to Google, which operates its first high-tech store in New England; and Alo, an exclusive sportswear tenant.

Azora
Juan José Zaragoza | US Partner, Azora America

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