Beacon Capital tops off $272.5M Bay Colony buy - Boston Business Journal:

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million. The sale was announced on Tuesdagyby , which representer both the sellers, the and the Statw Teachers Reitrement System of Ohio, and the Bay Colony is a 987,923-square-foot, four-buildin g office park located along the Rout 128 corridor in Walthakm and has been a magnet for venture capital The office park is leased to a numbeer of tenants including Private Healthcare Systems, PRTM, SAP Charles River Ventures, Oscient Pharmaceuticals, GE Commerciapl Finance and IDS Scheer. Otherr name tenants include Wilmer, Cutler, Hale & Dorr LLP, Winter Wyman, Citigroup Globak Markets, AMEX Financial Advisors and Sungard.
"Bay Colony Corporat Center stands as the highest profilre office park in NewEngland and, due to its core unsurpassed views of the Boston skyline and unparallelee asset quality, has become the yardstick by whichh all other suburban properties are said Robert E. Griffin Jr., president of Cushman & Wakefield and one of the sales brokerw who worked onthe transaction, according to a preparer statement. "The sale of Bay Colony Corporats Center is areal win-win situation for both Griffin said. "Beacon has acquirefd an asset that is without peer in itsmarkeft tier, while Shorenstein and STRS Ohio realizeed superb pricing.
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