B
oston's Fort Point neighborhood has seen another significant transaction with the sale of 343 Congress Street, a 114,677-square-foot mixed-use building. The five-story property boasts classic brick-and-beam architecture and is situated in the heart of Boston's Seaport District.
The building was sold by BGO to North Colony Asset Management, with Newmark's U.S. Capital Markets team led by Robert Griffin facilitating the deal. Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, and William Sleeper represented both the seller and buyer in this transaction.
343 Congress Street is fully leased, with Chewy as its anchor tenant. The ground floor features two popular dining establishments: The Smoke Shop and Pastoral. According to Matthew Pullen, Vice Chairman at Newmark, the property's high-quality construction and prime location made it highly sought after by investors.
The building's strategic location near South Station and within walking distance of amenities in the Fort Point section of the Seaport makes it an attractive asset. North Colony Asset Management sees this acquisition as a key milestone, with Brian Antonellis, Partner at North Colony, stating that the property's institutional floor plates, high-end finishes, and premier location made it a perfect fit for their growing platform.
Newmark's Grady Zink provided financial analysis support for the deal.
