Tokyo, Japan-based Mori Trust has closed on the purchase of the building at 10 St. James & 75 Arlington in the Back Bay neighborhood of Boston, MA. The $673 million deal marks the firm’s first acquisition in the United States. NGKF Capital Markets represented the buyer of the 824,772-square-foot urban mixed-use asset on behalf of Liberty Mutual Insurance.
“Comprising two iconic buildings and an associated below-grade parking garage within global insurance giant Liberty Mutual’s Boston headquarters campus, 10 St. James & 75 Arlington represents an exceptional asset for Mori Trust’s first investment in the United States market,” said Executive Managing Director Matthew Pullen, NGKF. “Furthermore, this sale underscores the influx of foreign capital to the United States and Boston in particular, as it is one of many recent foreign buyer transactions executed by our team.”
