Here’s an interesting article:
The Abbey Group (owner 45 Province St) is putting Boston’s Landmark Center up for sale, reportedly aiming to reap more than $525 million for the mixed-use commercial complex located blocks from Fenway Park. The firm is led by Robert Epstein, a managing partner of the Boston Celtics.
Cushman & Wakefield has been hired to market Landmark Center, sources indicate. The hulking structure that dates to 1929 was renovated in the late 1990’s by the Abbey Group, succeeding after several failed restoration efforts. Today the home of Blue Cross and Blue Shield of Massachusetts, Landmark Center also leases to multiple retailers including Best Buy, plus has a 1,800-vehicle parking garage and multi-plex cinema. “You bet,” one source says of the property exceeding $500 million in projected bidding, citing future expansion potential as one attractive element
I’m trying to connect the dots here. Winston (a blog reader) made a comment that 45 Province Street will have a large loan due in November 2010. Now the Abbey Group (owner of 45P), apppears to have put their trophy property, Boston’s Landmark Center, up for sale. Hmm…
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