Goldman Sachs Frontrunner in Chase for Boston Wharf Holdings
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| 319A St., Boston |
By Joe Clements
An attempt to purchase the remaining piece of Boston Wharf Co.’s Fort Point Channel real estate holdings by president Robert N. Kenney and Lehman Bros. has faltered, sources have told Banker & Tradesman. Instead, the assortment of office, industrial and retail space in 17 buildings is being chased by four major players, with Goldman Sachs now expected to snag the portfolio. The winning bid is tabbed at $92 million, according to sources who also reported that a purchase-and-sale agreement is being finalized between Goldman and Boston Wharf’s London-based owner, the Peninsular & Oriental Steam Navigation Co.
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