Beacon Capital Partners | The Real Deal New York

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Beacon Capital Partners

200 State Street, 5th Floor
Boston, MA 02109
(617) 457-0400
Website

Beacon Capital Partners is a Boston-based real estate investment firm that holds a portfolio of office buildings. The firms investors include pension funds, endowments, foundations, sovereign wealth funds, and insurance companies. It has offices in Los Angeles, New York, San Francisco, Seattle, Washington, D.C., London, Luxembourg, and Paris, in addition to its Boston headquarters. In 1997, the senior managers of Beacon Properties Corporation sold their NYSE-traded office building-focused real estate investment trust, called REIT Beacon Properties, to Sam Zell's Equity Office Properties Trust for $4.4 billion. In order to continue working and investing together, they formed successor firm Beacon Capital Partners in 1998. In 2007, Beacon Capital Partners bought a portfolio of 73 buildings, including some that senior managers had sold to Zell in the 1997 deal, for $6.2 billion, at a market peak. The debt-fueled deal went sour after rent at many of the buildings dropped in the wake of the global financial crisis and tenants such as online retailer Amazon did not renew their leases. MK


06/06/18
...tower at 44 South Broadway in White Plains from Beacon Capital Partners for $138 million last year and leased up 90,000 square feet in the property since then...

06/06/18
...tower at 44 South Broadway in White Plains from Beacon Capital Partners for $138 million last year and leased up 90,000 square feet in the property since then...

02/16/18
...at Vornado Realty Trust, following previous stints at Beacon Capital Partners and Tishman Speyer. In October, Columbia Property went into contract to buy two Chelsea...

02/09/18
...for $206 million, and recapitalized it in late 2016 alongside Beacon Capital Partners by selling the majority interest to JPMorgan Chase for $498.5 million. The owners recently completed...

01/02/18
...In 2014, the firms took a 49 percent stake from Beacon Capital Partners and in 2016 exercised an option to take full ownership. In September, Ivanhoe put the...

12/29/17
...Cambridge and Callahan Capital Properties Seller: MetLife and Beacon Capital Partners Brokerage: Eastdil Secured Ivanhoe Cambridge is almost a permanent fixture on this ranking. This...

10/11/17
...Honest Buildings says its customers include Brookfield, Invesco, Beacon Capital Partners, the Durst Organization, Silverstein Properties, Harvest Properties, Divco West and Washington REIT. “We have...

10/08/17
...Resale date: 2014 (majority stake deal) Resale gain: $272,000,000 Seller: Beacon Capital Partners + L&L Company 5 530 Fifth Avenue New York Purchase date: 2012 Resale date: 2014 Resale gain...

09/06/17
...Ivanhoe and Callahan bought it, the prior owner, Beacon Capital Partners, finished expanding and redeveloping the old printing house, built in 1910, into a Class A...

09/06/17
...tower through a ground lease it purchased from Beacon Capital Partners in April 2015 for $477.5 million. Melohn Properties paid $197.5 million for a stake in the ground...

...buy the 42-story, 1 million-square-foot building for $465 million from Beacon Capital Partners, it was unclear who was backing the deal. But sources told The Real Deal...

06/29/17
...Boston-based Beacon Capital Partners sold the oldest office building in Westchester County — Westchester One in White Plains — to...

06/29/17
...high-rise sells for $138M to Brooklyn investors Boston-based Beacon Capital Partners sold the oldest office building in Westchester County -- Westchester One in White Plains...

...million purchase of 85 Broad Street from MetLife and Beacon Capital Partners — which went into contract in April and has not yet closed. Sources said March...

05/30/17
...West Street in 2010. Its most recent owners were Beacon Capital Partners and MetLife Real Estate Investors. Major tenants include Vox Media, WeWork and Oppenheimer &...

05/03/17
...for four full floors totaling 58,000 square feet at Beacon Capital Partners and MetLife’s 575 Fifth Avenue in Midtown. Beacon bought a 50 percent stake in the...

04/04/17
...roughly $650 million. A joint venture of MetLife and Beacon Capital Partners owns the 32-story building, and hired Eastdil Secured to market it, according to Bloomberg...

04/03/17
...rd Street to L&L Holding and Beacon Capital Partners’ 195 Broadway. It was one of several media companies, including Time, Inc. and Conde Nast...

...for 1211 Sixth Avenue to buy out minority stakeholder Beacon Capital Partners. In that case the duo bought a 49 percent stake valued at $913 million in the...

02/16/17
...that Paramount Group owns 1633 Broadway in partnership with Beacon Capital Partners. Beacon Capital sold its interest, and Paramount owns 100 percent of the property...

01/19/17
...Broad Street (Credit: 85 Broad) MetLife and Beacon Capital Partners are looking to sell the former Goldman Sachs headquarters at 85 Broad Street. The owners...

01/05/17
...for $206 million, and recapitalized it in November alongside Beacon Capital Partners by selling the majority interest to JP Morgan for $498.5 million. The owners pumped $50 million...

12/29/16
...Buyer: Ivanhoe Cambridge and Callahan Capital Partners Seller: Beacon Capital Partners Brokerage: Eastdil Secured In June, Ivanhoe and Callahan Capital exercised an option in their...

12/13/16
...CIM’s peers like the Blackstone Group and Beacon Capital Partners tend to buy trophy properties or entire portfolios and flip them a few years...

10/10/16
...Ivanhoe Cambridge paid $317.8 million in June to buy Beacon Capital Partners’ 51 percent stake in the 467,000-square-foot building, giving them full control of the property. The...
Beacon Capital Partners, Senior Vice President, Acquisitions
200 State Street, 5th Floor, Boston, MA, (617) 457-0400
Stuart Milstein is a real estate industry asset manager. Since 2010, he has...
  • Event Sales
  • Address 85 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,120,000
  • Price $ 652,000,000
  • Price per foot $ 582.00
  • Publication Date 07/01/2017
  • Event Date 06/01/2017
  • Party 1 Beacon Capital Partners
  • Party 1 Brokerage Eastdil Secured
  • Party 2 Ivanhoe Cambridge
notes
The 30-story building in the Financial District was sold for $652 million.
  • Event Sales
  • Address 1121 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,000,000
  • Price $ 913,000,000
  • Price per foot $ 456.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Beacon Capital Partners
  • Party 2 Ivanhoe Cambridge, Callahan Capital
notes
A 49 percent interest sold for $913 million.
  • Event Sales
  • Address 330 Hudson Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 467,830
  • Price $ 317,800,000
  • Price per foot $ 679.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 Beacon Capital Partners
  • Party 2 Ivanhoe Cambridge, Callahan Capital
notes
A 51 percent interest sold for $317.8 million.
  • Event Office Leasing
  • Address 330 Hudson Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 47,000
  • Event Office Leasing
  • Address 330 Hudson Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 34,350
notes
The luxury auto company signed a lease to occupy the 15th and 16th floors.
  • Event Office Leasing
  • Address 32 Old Slip
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 18,646
notes
The engineering and architectural firm signed a lease. The tenant is relocating from 27 Union Square West.
  • Event Office Leasing
  • Address 330 Hudson Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 38,000
notes
The travel website signed a 10-year lease for full-floor space.
  • Event Office Leasing
  • Address 195 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 26,414
  • Price per foot $ 47.00
notes
The advertising agency signed an expansion lease, the New York Post reported. The building is now 100 percent occupied.
  • Event Office Leasing
  • Address 195 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 185,000
notes
The book publisher signed a 15-year lease to relocate from its longtime home at 10 East 53rd Street. The company is moving back downtown, where it had long been based prior to moving to its Midtown offices.
  • Event Office Leasing
  • Building Name Financial Square
  • Address 32 Old Slip
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 40,000
notes
The Census Bureau signed a lease for the entire ninth floor and part of the eighth floor, Crain's reported.
  • Event Office Leasing
  • Address 195 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 39,347
  • Price per foot $ 45.00
notes
The communications company signed an expansion lease for the entire 17th floor, bringing its total occupancy in the building to 260,000 square feet, the Commercial Observer reported. The tenant will now occupy five and a half floors in the property
  • Event Retail Leasing
  • Address 1211 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 9,000
notes
The media company signed a lease for the plaza-level space, which will likely be used for studios, the New York Post reported.
  • Event Office Leasing
  • Address 330 Hudson Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 271,247
  • Publication Date 11/01/2011
  • Event Date 09/17/2011
  • Party 1 Beacon Capital Partners
  • Party 2 Pearson Inc.
  • Party 2 Brokerage Richard Berzine & Co., Jones Lang LaSalle
notes
The education company and publisher signed a 15-year lease for the entire fifth through 13th floors. The tenant is expected to occupy the space during the fourth quarter of 2013. After moving in, the company will have about 706,000 square feet total in a three-building campus that includes 330, 345 and 375 Hudson Street.
  • Event Office Leasing
  • Address 1211 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 121,019
  • Price per foot $ 65.00
notes
The division of Axis Capital, the large Bermuda-based reinsurance company, signed a lease on floors 24 through 26.
  • Event Retail Leasing
  • Address 1211 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 600
notes
The Downtown pastry shop signed a 10-year lease to expand into Midtown.
  • Event Sales
  • Address 100 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 466,000
  • Price $ 175,000,000
  • Price per foot $ 375.54
notes
Broadway is in contract to purchase the 466,000 sf Class A office tower for $175 million. The seller had acquired the building for $134 million from Reckson Associates Realty Corp. in February 2006.
  • Event Sales
  • Address 237 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1,160,000
  • Price $ 1,180,000,000
  • Price per foot $ 1,017.24
notes
The building sold for $1.18 billion, or approximately $1,000 per square foot, as part of a national $5 billion, 24-building portfolio buy.
  • Event Sales
  • Building Name One Financial Square
  • Address 32 Old Slip
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 750,000,000
notes
Beacon is in contract to purchase the property from Paramount for $750 million.
  • Event Office Leasing
  • Address 150 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 3,931
  • Price per foot $ 75.00
notes
The REIT, which is relocating from 237 Park Avenue, inked a lease for new space.
  • Event Office Leasing
  • Address 100 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 18,426
notes
The nation's 25th largest insurance broker inked a 10-year lease.
  • Event Office Leasing
  • Address 100 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 46,171
notes
The law firm, which once had offices in the World Trade Center, signed for new space in the class A building and will occupy the entire 23rd and 24th floors, and part of the 22nd. The tenant will relocate from its current offices at 805 Third Avenue in mid-2007.
  • Event Office Leasing
  • Address 100 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 1,800
  • Price per foot $ 39.00
  • Publication Date 09/01/2006
  • Event Date 07/23/2006
  • Party 1 Beacon Capital Partners
  • Party 1 Brokerage CBRE
  • Party 1 Broker Frank Centro
  • Party 2 Japan Telecom
  • Party 2 Brokerage Redac
notes
Telecom firm relocated from Midtown to take space
  • Event Office Leasing
  • Address 100 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 4,100
  • Price per foot $ 39.00
  • Publication Date 09/01/2006
  • Event Date 07/23/2006
  • Party 1 Beacon Capital Partners
  • Party 1 Brokerage CBRE
  • Party 1 Broker Frank Centro
  • Party 2 IDEAglobal
  • Party 2 Brokerage CBRE
  • Party 2 Broker Frank Centro
notes
The management and consulting firm took space
  • Event Office Leasing
  • Address 100 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 3,100
  • Price per foot $ 39.00
  • Publication Date 09/01/2006
  • Event Date 07/23/2006
  • Party 1 Beacon Capital Partners
  • Party 1 Brokerage CBRE
  • Party 1 Broker Frank Centro
  • Party 2 Computer Merchant
  • Party 2 Brokerage CBRE
  • Party 2 Broker Frank Centro
notes
The firm is relocating from Midtown to take space
  • Event Sales
  • Address 1211 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 1,900,000
  • Price $ 1,500,000,000
  • Price per foot $ 789.47
notes
The 45-story office tower, which occupies the entire block between 47th and 48th streets, sold for approximately $1.5 billion, or $800 per square foot. Asking rents in the building, which is 53 percent leased to News Corp. and 13 percent leased to law firm Ropes & Gray, are rumored to be $60 to $90 per square foot. Jamestown, which acquired the property in 1999 for $600 million, will recognize a gain of nearly $1 billon on the deal.
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Manhattan, 10013
330 Hudson Street is a 16-story office building in the Hudson Square area...
Manhattan, 10036
1211 6TH AVENUE SYNDI
The News Corp Building was sold to Ivanhoé Cambridge, Callahan Capital Partners and...

12/29/16
...Buyer: Ivanhoe Cambridge and Callahan Capital Partners Seller: Beacon Capital Partners Brokerage: Eastdil Secured In June, Ivanhoe and Callahan Capital exercised an option in their...

...ninth spot on the list is occupied by Beacon Capital Partners, a Boston-based real estate firm with holdings on two continents. Rounding out the list...