Brookfield Properties has acquired 51 Sleeper St. According to a news in CP Executive, Nuveen sold the property for $91 million.
152,000 square foot 51 Sleeper is eight story office building. Built in 1929, the property is about 15 percent empty during the sale. Existing tenants include the architectural firm Bergmeyer, United Way, the US General Services Administration and the Early Education and Maintenance Department.
51 Sleeper features an open plan design, oversized windows. The new owner reportedly plans to renovate and rebrand the vintage Class B building, in keeping with the Seaport District’s position as a tech and innovation hub.
The asset offers convenient access to various MBTA bus stops, including the Courthouse bus station. In addition, the building is directly across from Martin’s Park, Boston.
Ben Brown, executive vice president and head of Brookfield Property Group, said: “The Seaport District continues to grow as a top destination for innovative companies, high-end retail and first-class residential and 51 Sleeper Street is located at its doorstep.”
Source: CP Executive
Fulya Altunyay/[email protected]