Newmark Arranges $227 Million Sale of Class A Office Tower in Boston, Massachusetts

April 24, 2025 9:00 AM

Newmark announces the company has facilitated the sale of 99 High Street, a Class A office tower located in Boston, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin and Boston Capital Markets Executive Vice Chairman Edward Maher, Vice Chairman Matthew Pullen, Executive Managing Director James Tribble, Senior Managing Director Samantha Hallowell and Associate Director William Sleeper represented the seller, Nuveen Real Estate, and procured the buyer, an affiliate of Synergy.

Totaling 730,208 square feet across 32 floors, 99 High Street has been a distinctive fixture on the Boston skyline since its original construction in 1972. Its most recent upgrades, including a modern lobby renovation and entryway orientation, were completed in 2019.

“99 High Street presented an exceptional opportunity to acquire truly irreplaceable urban real estate at a very favorable basis,” said Maher. “The iconic Boston office tower benefits from strong fundamentals, including efficient floor plates, sweeping views, high-end interior finishes and below-grade parking, complemented by significant upside potential.”

99 High Street is positioned at the gateway to Downtown Boston and the Seaport District, within proximity of the South Station transit hub as well as Interstates 90 and 93.

Newmark Senior Financial Analyst Nickolas Revers provided support for the transaction.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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