Boston-based Synergy Investments has agreed to sell an 8-story office building overlooking Boston’s Fort Point Channel for a big windfall after five years of ownership.

Morgan Stanley was the top bidder at $62.5 million for the 104,728-square-foot Channel Building at 250 Summer St., according to a real estate source. A Synergy joint venture acquired the brick-and-beam building from Colonnade Properties for $25 million in 2012, when it was 80 percent leased. Synergy and Indepencia Asset Management obtained $24.6 million in refinancing in 2014.

The building is now 95 percent leased. Law firm Morrison Mahoney is the largest tenant, having occupied the former wool warehouse since it was converted to office space in 1984. The tenant roster also includes Northeast Clean Energy Council, architects S/L/A/M Collaborative and Blade, a “tech foundry” created by Kayak founder Paul English.

HFF marketed the property on behalf of ownership.

Synergy Set To Sell Gateway Property In Seaport District

by Steve Adams time to read: 1 min
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