Skanska Sells Boston Property To Union Investment For $452M

By Andrew McIntyre (April 12, 2016, 2:15 PM EDT) -- Swedish developer Skanska AB has sold a Boston office and retail building for $452 million to German real estate firm Union Investment Real Estate GmbH, according to separate announcements from the companies on Tuesday.

The deal is for 101 Seaport, a roughly 440,000-square-foot, 17-story property that includes nearly 21,527 square feet of retail on the ground floor.

For Union Investment, the purchase follows a string of earlier U.S. buys.

"After the acquisition of the Godfrey Hotel and the Converse headquarters at Lovejoy Wharf, we are pleased to have strengthened our foothold in the important and economically very stable gateway market of...

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