Accordia Partners and Ares Management’s Real Estate Group Acquire 2 Morrissey Boulevard in Boston
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Business Wire
BOSTON & NEW YORK--(BUSINESS WIRE)-- A joint venture between Accordia Partners and real estate private equity funds managed by affiliates of Ares Management Corporation (NYSE: ARES) announced today the acquisition of 2 Morrissey Boulevard in Boston, MA from affiliates of Beacon Capital Partners. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190617005882/en/ The site at 2 Morrissey includes five buildings with a total of 425,000 rentable square feet. The property is fully leased to Santander Bank under a long-term lease. Located in the Dorchester enclave of Boston at the JFK/UMass MBTA station, 2 Morrissey is across the street from the 20-acre site of the former Bayside Expo Center. Accordia Partners and Ares Management were selected by the University of Massachusetts earlier this year to develop the Bayside Expo Center site. “This purchase reflec
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