Boston, MA. Akelius Real Estate Management LLC has completed its $18M purchase of a commercial building in Boston’s Seaport District, further expanding the company’s presence in Boston’s real estate market.
Nixon Peabody served as legal counsel to Akelius in the deal. The property, located at 40 Channel Center Street, has several office tenants as well as a restaurant on the ground floor. Akelius plans to eventually occupy a portion of the building for its Boston office.
This latest Greater Boston acquisition for Akelius adds to a portfolio of residential properties the company has purchased in recent years. Akelius acquires, upgrades, and manages multi-family residential properties. Akelius, whose U.S. portfolio is over $1B in capital, first entered the U.S. market in 2015.