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1200 Crown Colony Drive

Boston, MA

First Fidelity Investments was actively seeking single-tenant office buildings with investment grade tenants on behalf of an Atlanta-based private REIT. Through an affiliation with Strategic Alliance Mortgage (a network of private mortgage brokers) First Fidelity was able to identify this asset that met our client's investment criteria. 

 

The 1200 Crown Colony Drive Building is a seven-story 235,000 square foot Class "A" office building located in Quincy (suburban Boston), Massachusetts.  The entire property was leased to State Street Bank, an investment grade tenant, for a term of ten years.

 

The Seller, a local private developer, was initially seeking long-term high LTV financing for the property.  First Fidelity was able to produce an offer that was superior to a financing scenario and the property was sold to the private REIT for $51,675,000.

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1200 Crown Colony Drive