The Tower at One Greenway in Boston sold for $144.5m

The Tower at One Greenway, a Class A residential property in Downtown Boston, has been acquired for $144.5 million to PGIM Real Estate. Located at 99 Kneeland St., the 21 story, 181,442 square foot LEED Gold certified mixed use building features 217 apartments, 3,180 sqf of ground floor retail and a three-level parking garage. Coffee House and East Boston Savings Bank fully occupy the ground-level retail space, while the parking garage is leased to Pilgrim Parking Inc. The asset is located within walking distance of South Station, Boston Common, Chinatown and the Theater District. “The acquisition of One Greenway is a unique opportunity to make a longterm investment in a transit-oriented, high barrier-to-entry property in Downtown Boston,” said Alfonso Munk, Americas chief investment officer for PGIM Real Estate.