Goodwin Procter attorneys recently advised GreenOak Real Estate Advisors in connection with a joint venture with Synergy Investments to acquire 10 Post Office Square, a historic 13-story office building in Boston’s financial district, for $143 million. The building has 445,000 square feet of office space. Terms of the transaction were not disclosed.
GreenOak is an independent, partner-owned real estate investment and advisory firm that seeks to create long term value for its investors and to provide strategic advice to its clients. GreenOak has approximately $4.2 billion in assets under management and has raised $2.2 billion of equity to invest in targeted strategies and assets. The firm, founded in 2010, has offices in New York, Los Angeles, London, Munich and Tokyo.
Synergy Investments is a Boston-based real estate investment and development firm focused on the acquisition and operation of office, retail and residential assets, and their associated debt. The firm’s portfolio includes 3.5 million square feet across 30 select office properties, serving over 400 tenants.
The Goodwin team advising GreenOak included Real Estate Capital Markets partner Siobhan Murphy and associate Ryan Sawyer. Partner Jim Broderick, counsel Katie Murphy, and associate Patrick Hurley provided additional assistance.
Press coverage surrounding the transaction included an article in The Boston Globe.