Newmark Completes $45 Million Sale of One Liberty Square in Downtown Boston, Massachusetts

September 11, 2023 1:00 PM

Newmark announces the $45 million sale of One Liberty Square, a “jewel box” office/retail asset located in Downtown Boston, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Executive Vice Chairman Edward Maher, Vice Chairman Matthew Pullen, Senior Managing Director Samantha Hallowell and Associate Director William Sleeper of the firm’s Boston Capital Markets Group represented the seller, Clarion Partners, LLC, and procured the buyer, Synergy Investments. The transaction is the largest office sale completed in Downtown Boston since the first quarter of 2022*.

Totaling 157,467 square feet across 13 stories, One Liberty Square is 84% leased to a diverse roster of 22 tenants. The LEED Gold-certified asset offers flexible 12,000-square-foot floor plates that can easily accommodate single- or multi-tenant layouts complemented by modern on-site amenities, including bicycle lockers and a 1,200-square-foot fitness center.

“One Liberty Square is part of a select and coveted set of ‘jewel box’ office/retail buildings in Downtown Boston,” said Maher. “Its meticulously restored façade, distinctive architectural details and first-class tenant buildouts secure its place as one of the submarket’s most premier boutique assets.”

One Liberty Square occupies the full block bound by Milk, Kilby, Water and Batterymarch Streets in the heart of Downtown Boston. The asset is situated within a 10-minute walk of South Station, surrounded by additional public transportation options and easily accessible to Interstates 90 and 93.

*According to an analysis of data from MSCI Real Capital Analytics

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of June 30, 2023, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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