![]() ![]() Having completed the business plan significantly ahead of schedule, the property was sold to a public REIT within 17 months of ownership generating a substantial profit. With renovations underway, the partnership signed a long-term lease with Bain Capital for approximately 400k square feet, stabilizing the property at 94% occupancy. Though notorious for now-fixed falling panels, and once a destination for its since-shuttered observation deck, the tower today is mostly eye candy for. Upon taking control of the iconic tower and neighboring parking garage, a significant capital improvement plan commenced to upgrade the amenities through relocation of the food service from the basement to the ground floor, the creation of in-building parking, and a refurbishment of the lobby. Located in the heart of Boston's Back Bay, 200 Clarendononce known as John Hancock Toweris the tallest building in the city and a well-known creation of architect I.M. In 2009 Normandy, along with an institutional capital partner, acquired the equity interests in the John Hancock Tower and Garage through a mezzanine loan foreclosure at a significant discount to replacement cost. The Berkeley Building (also known as the Old John Hancock Building) is a 26-story, 495-foot (151 m) building located at 200 Berkeley Street, Boston, Massachusetts, USA. Constructed with more than 10,000 panels of mirrored glass, the 62-story John Hancock Tower was designed in 1976 by Henry Cobb. ![]() Pei & Partners, is the tallest building in New England and located in the Back Bay neighborhood of Boston. 200 Clarendon Street, previously John Hancock Tower and colloquially known as The Hancock, is a 60-story, 790-foot skyscraper in the Back Bay neighborhood. The 60-story skyscraper, designed by Henry N.
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