South Station is for sale (just not the train tracks)

The Boston Globe | By Tim Logan
April 12, 2017

One of Boston’s busiest and best-known buildings is going on the market.
The owner of South Station listed the building for sale Wednesday, putting the retail concourse and four stories of office space above it in a hot real estate market where tenants and investors prize access to transit.

“South Station represents the combination of two of today’s most highly sought-after real estate investments: Urban retail creative office space,” said Coleman Benedict, senior managing director of HFF, a brokerage firm hired by Blackstone Group subsidiary Equity Office to market the property. “While many buildings are located near mass transit, very few actually sit directly on top of it.”

No minimum price was set, but real estate experts familiar with the deal say comparable deals suggest the 206,000 square-foot building could sell for around $100 million. They expect strong interest both from large real estate owners and the sort of international investors who have flooded into Boston’s office market in recent years.

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