Foreign Investment Money Floods into Boston

The trend of foreign investors snatching up properties in Boston continues. To expand its Boston portfolio, Oxford Properties, the real estate arm of Canadian pension fund OMERS, completed a $114.5 million acquisition of 745 Atlantic Avenue from Beacon Capital Partners. This comes on the heels of Oxford's activities just six months ago, when it invested $2.1 billion to acquire four properties in Cambridge and Boston.

Oxford's latest acquisition, 745 Atlantic, is an 11-story, 174,231-square-foot building across from South Station in the city's downtown area. The building is completely leased, and tenants include Cambridge Consultants, a global product development and technology consulting firm, and WeWork, which offers shared office space for startups.

Along with JP Morgan Asset Management, Oxford acquired One Memorial in Cambridge and 225 Franklin Street and 60 State Street in Boston; that deal went down last year. Also last year, Oxford independently acquired 125 Summer Street to serve as its corporate headquarters for its Boston operations. The firm's current office footprint in Boston now exceeds 2.9 million square feet.

Foreign investment activity in Boston has escalated sharply over the past year. Oxford Properties' latest acquisitions suggest that the trend is only going to intensify. By sticking with Boston City Properties, you can stay on top of these and other real estate developments in and around the city. We are also the source to trust for up-to-the-minute real estate listings for everything from commercial property to apartments for rent to homes for sale, so check back often.

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