Union Investment Real Estate GmbH is reportedly set to acquire the new Converse headquarters in Boston for $150m. The deal is expected to close by the end of 2015, reports the Boston Business Journal. The 20-story office building sits .75 acres of prime waterfront property at Lovejoy Wharf.
This is the Hamburg-based company’s second large-scale investment in Boston in recent weeks. At the beginning of December, Union bought the Godfrey Hotel Boston from Oxford Capital Group for $173.9m. The 242-room hotel is scheduled to open in 2016.