Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
Cap Rate N/A

Key facts

Building Area Net
Occupancy 73.0 %

Property description

JLL is pleased to exclusively offer the opportunity to acquire the Pier 4 Retail, a 16,134 SF trophy retail condominium in the Seaport Neighborhood of Boston, MA. The Pier 4 Retail is 73% leased to two High-Volume, full service restaurant operators, Nautilus and Woods Hill Table. Both restaurants have performed exceptionally well despite launching in a Covid Environment, and have a WALT of 10.1 Years. Investors also will have an immediate value add opportunity in the lease up of approximately 4,400 SF of vacancy across 2 suites.


The Pier 4 Retail is situated in the heart of Boston’s Seaport neighborhood, which embodies the live-work-play atmosphere that all emerging neighborhoods attempt to emulate. In addition, The Seaport is quickly emerging as one of the nation’s top destinations for life science tenants. Spurred by a dynamic amenity base and numerous means of transportation, the Seaport boasts a “who’s who” of both established (Vertex, Foundation Medicine, Crispr and Alexion) and early stage companies (Dewpoint Therapeutics, Ikena Oncology and Monte Rosa Therapeutics). When the Seaport is ultimately built out, it will be the nation’s second largest concentration of life science space – second only to Kendall Square. This embedded demand driver coupled with a location just steps from downtown Boston will offer investors stability in the in-place tenant lineup as well as an attractive value add opportunity through remaining lease-up.

Investment highlights

Investment Highlights

  • Trophy Quality Retail situated in the heart of Boston’s Seaport Neighborhood
  • 10.1 WALT to High-Volume, Award Winning Restaurant Operators
  • Over 4,400 SF of vacancy for immediate value add creation
  • Situated within a 106 unit, fully sold and occupied, ultra-luxury condominium complex
  • Brand New Construction, LEED Gold Certified
  •  Nearly 18,000 total Daytime Population and Average Household Incomes approaching $220,000 within a 0.5 Mile Radius


Last Updated Date: 15 Nov 2021

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 15 Nov 2021

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.