“It’s a big number,” another says of the price Tribeca APL Boston LLC shelled out for 815 Boylston St., but is among those deeming it a rational figure.The winning partnership is led by Irish investor Aidan Brooks and is said to have other overseas capital involved to buttress the Rockland Trust Co. One bidder said it was viewed as a chance to have “the most popular (retail) tenant in the country” on their roster in chasing the asset that ultimately went to Tribeca. The Apple Store received global interest, market watchers relay, and many well-known local investors who covet urban retail reportedly had it on their radar screen. Observers say Greater Boston’s popularity as a haven for risk-averse real estate has enabled sellers to craft aggressive terms and find plenty of willing suitors eager to comply. 26th and sources at the time conveyed a desire to close each by year end. That $26.7 million deal was orchestrated by Holliday Fenoglio Fowler.īoth transactions were initially unveiled by on Nov. Eastdil Secured negotiated the blockbuster pact that supposedly featured a capitalization rate in the 3 percent range-the same sphere a New York investor earlier this month dipped to land 26-28 Newbury St. BOSTON-The deed is done for 815 Boylston St.-better known to legions of adoring Hub technology consumers as the Apple Store-with an Irish investment group completing its $27.5 million purchase backed by an $18 million loan from Rockland Trust Co.
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