This Week's Boston Deal Sheet
Xenia Hotels & Resorts has completed its previously announced purchase of the Hotel Commonwealth in Kenmore Square for $125.1M. Sage Hospitality will continue to manage the 245-room property, which recently underwent a $50M expansion.
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A fund sponsored by CBRE Global Investors has purchased the Bell Wheeler Hill apartment community in Marlborough from an affiliate of Bell Partners. CBRE New England repped the seller and procured the buyer of the 274-unit property.
This and That
Boston University has hired Newmark Grubb Knight Frank to market a block of nine buildings in Kenmore Square. One of the buildings features the iconic Citgo sign on its roof. The sign itself is not for sale, as it's owned by a sign company that leases the air rights for the sign’s home atop 660 Beacon St.
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ONE Group Hospitality has signed an agreement to open an STK Rebel in the Seaport Square development with a projected opening date of 2017. STK Rebel restaurants are an offshoot of the company’s successful STK steakhouse concept with a broader menu and lower price point.
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General Electric has chosen an office building in the Fort Point neighborhood as its temporary home while it hammers out plans for its future HQ in Boston. The temporary space is at 33-41 Farnsworth St and is occupied by software company Bullhorn, which plans to relocate to an office in the Financial District this spring.
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Keolis North America plans to move its HQ from Arlingon, VA, to Boston. The commuter rail operator is contracted to run the MBTA’s commuter rail system and has over 2,000 employees in Boston.
Partners Synergy Investments and Green Oak Real Estate have sold a portfolio of Class-B office properties to NY-based Westbrook Partners for $90M. The portfolio consists of four downtown buildings spanning a combined 237k SF and includes 184 High St, 211 Congress St, 115 Broad St and 100 N Washington St.
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