Newmark announces the successful completion of the sale of a 50 percent interest in 75-101 Federal Street in Downtown Boston to Carr Properties. Co-Head of U.S. Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Managing Director Samantha Hallowell of Newmark’s Boston Capital Markets group oversaw the transaction of the trophy mixed-use tower.
Comprising two interconnected 21- and 31-story towers, 75-101 Federal Street encompasses 853,319 square feet of office, retail and amenity space complemented by a 175-space, below-grade parking garage. The property benefits from significant capital improvements that Rockpoint Group completed in recent years, highlighted by a fully-activated lobby and retail component including a host of fitness, dining and convenience amenities.
“75-101 Federal Street is one of Boston’s most recognizable and architecturally significant business addresses,” said Maher. “The property offers an exceptional combination of recent capital improvements, tangible upside potential and a superior location.”
75-101 Federal Street facilitates a seamless commute with walkability to South Station, one of Boston’s two primary transit hubs, complemented by swift access to Interstates 90 (Massachusetts Turnpike) and 93 as well as Logan International Airport.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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