The New England Real Estate Journal has reported that the Hancock Tower was bought at auction by a partnership between Normandy Real Estate Partners and Five Mile Capital Partners, which have been buying some of the debt on the building since June. There was only one bid at the auction for the iconic building, originally designed by I. M. Pei.
Read the complete story on NEREJ.org.
For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.
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