Boston-based Winhall Cos., a commercial real estate and development firm led by principals Richard and Kenneth Epstein, has purchased Two Liberty Square in downtown Boston for $28.25 million, according to a Suffolk County deed. The Class B office building in the Financial District was sold by CenterSquare Investment Management, a real estate investment subsidiary of BNY Mellon, which originally acquired the property for $17.5 million in January 2013. The building was previously sold to a joint venture of AEW Capital Management and Neelon Properties for $23 million in 2007 at the peak of the market. HFF’s Ben Sayles and Coleman Benedict procured the buyer and Lauren O’Neil arranged acquisition financing from Sun Life Financial, according to a Banker & Tradesman article.
The 11-story, 64,357-square-foot office building was originally constructed in 1913, designed in the Beaux Arts style by Peabody & Stearns. Two Liberty Square went through an extensive renovation throughout the 1990s bringing its classic exterior architecture to the preserved, more modern interior. Overlooking city oasis Post Office Square Park, it’s in the center of an exciting new mix of downtown amenities, companies, restaurants, and shopping including Faneuil Hall. The building was nearly 90% leased at the time of sale with major tenants including Zipcar, insurer Humana, Arthur J. Gallagher & Co., Copyright Clearance Center and publishing company Brill.
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