German Fund Enters US Market With Boston Buy
ByThe fund was advised by Northwood Investors. Newmark Knight Franks Boston-based debt team oversaw financing for the transaction and NKF has also been retained as the exclusive leasing and management arm for the property.
A German investment fund has made its first acquisition in the United States, acquiring Tower Point @ A Street, a 157,000-square-foot office and retail property in Boston’s Upper Seaport District, for $86.85 million.
Universal-Investment-Gesellschaft mbH, on behalf of the BVK-US-Value-Immobilienfonds, bought the restored 117-year-old building from Rockpoint Group. The fund was advised by Northwood Investors. It was the Frankfurt-based fund’s first U.S. investment, according to DLA Piper, the global law firm that represented Universal-Investment-Gesellschaft mbH…
German Fund Enters US Market With Boston Buy
