“The iconic John Hancock Tower in the Back Bay, designed by I.M. Pei and perhaps Boston’s most widely known building, is going up for sale, just a few years after Boston-based Beacon Capital Partners LLC bought the complex for $910 million.
Beacon Capital Partners, a rapidly expanding private real estate investment fund, confirmed today that the company is selling the Hancock and nine other buildings in Boston, Washington, D.C., Los Angeles, and Denver that are part of an investment portfolio.
The buildings will hit a commercial real estate market that remains robust for top-quality properties that are well-leased, as the Hancock Tower is.”
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Originally published September 6, 2006.