Boston-based real estate investment firm Beacon Capital Partners has sold its 251,000-square-foot office building at 10-20 Channel Center St. in the Fort Point neighborhood for $100 million, according to a Suffolk County deed.
The deal marks the second time in recent weeks that Beacon has sold a high-profile Boston property to a real estate investment arm of a Canadian pension fund.
Beacon sold the property to an affiliate of Callahan Capital Properties LLC. Callahan is a Chicago-based real estate private equity firm which partners with Ivanhoé Cambridge, the real estate investment and development arm of Canadian pension fund manager Caisse de dépôt et placement du Québec. Callahan and Ivanhoé own an 11 million-square-foot office portfolio in Chicago, New York, Seattle and Denver.
Industry sources said the Channel Center property sale was part of a broader portfolio sale that included at least six properties in U.S. cities.
The deal spotlights two of the biggest trends in Boston real estate today: the continued influx of foreign capital into the region and the prevalence of big-dollar deals in the city's Fort Point neighborhood. In April, Equity Residential acquired the luxury 315 on A apartments for $130.3 million from Gerding Edlen. And in January, DivcoWest shed a three-building office portfolio (300 A St., 313 Congress St. and 330 Congress St.) for $105.6 million and a multilevel parking garage at 10 Necco St. for $56 million.
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