JER Partners recently expanded in Boston with the purchase of 270,000 square feet of office space in the city’s Financial District.

JER purchased Two Oliver Street and 147 Milk Street for $53 million.

The Milk Street property totals 50,000 square feet and is fully leased to Harvard Vanguard through 2012. Two Oliver Street totals 220,000 square feet.

“After several years of downward pressure, the Boston office market has started to demonstrate signs of recovery,” stated Cia Buckley, senior managing director of North American Investments at JER Partners. “We believe Two Oliver Street will be attractive to small- and mid-sized tenants who desire a Financial District location, but are value conscience.”

JER Partners is the private equity investment arm of J.E. Robert Cos., a real estate investment management company. Most of JER’s investments are in office, retail, multifamily and industrial properties.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×