Anglo Irish Bank inks $87M acquisition deal.

Crosspoint Associates, Inc., in partnership with Anglo Irish Bank, announced that it has purchased a 10-building portfolio in Boston's Seaport District from international real estate company HDG Mansur for $120.5 million. Anglo Irish Bank provided $87,000,000 in acquisition financing to the joint venture between one of the Bank's Irish-based private clients and Crosspoint.

CB Richard Ellis' Capital Markets Team represented the seller and procured the buyer in the transaction. The Thomson portfolio is comprised of 10 brick and beam buildings: 11-15 Farnsworth Street, 12-14 Thomson Place, 22-24 Thomson Place, 26-28 Thomson Place, 19-33 Thomson Place, 30-34 Thomson Place, 35 Thomson Place, 36-40 Thomson Place, 42-56 Thomson Place and 49-51 Farnsworth Street. The 380,950-square-foot portfolio was originally constructed by the Boston Wharf Company in the early 1900s and was fully rehabilitated and renovated in the mid-1990s through 2000. Currently, the portfolio is entirely leased by Thomson Financial, Inc.

"This was a highly competitive process," notes Bill Moylan, executive vice president/partner and head of CB Richard Ellis' Capital Markets Team. "It's clear that investors are buying into the vision of what the Seaport will look like in terms of its present and future potential."