Acquisition of The Exchange at South Station

United States

Deal value: $325,000,000

Acquisition of a mixed-use TOD property in Boston, MA, featuring 200,000 SF office, 100,000 SF retail, and 350 residential units, directly connected to South Station transit hub.

This acquisition targets a premier transit-oriented development (TOD) asset in Boston's Financial District with direct integration to South Station, one of the Northeast's most connected transportation hubs. The investment capitalizes on the secular shift toward mixed-use urban properties that combine office, retail, and residential in high-density, transit-accessible locations. The $325M valuation reflects confidence in Boston's real estate fundamentals, particularly the appeal of live-work-play environments to institutional capital and end-users seeking reduced car dependency. The timing aligns with post-pandemic normalization of urban office demand and sustained residential strength in gateway markets.