Two Drydock in Boston has sold for $234.5 million. Skanska — the Swedish multinational development company — sold the property to global investment firm KKR and Synergy Investments, which will operate and manage the property. The sale closed on December 16.
Developed by Skanska in 2020, Two Drydock is a 13-story, 245,000-square-foot, Class A office building in the Seaport district in Boston. The property is LEED-Certified Gold, and holds a Fitwel Certification, and features a 10,000-square-foot plaza with sweeping views of downtown Boston, as well as a fitness center and open floor plans.
“The Seaport is a global hub for leading technology and life science companies, and we are pleased to add another great property to our Boston portfolio with the purchase of Two Drydock,” said Daniel Rudin, managing director at KKR. “Under the management of the great team at Synergy, this modern, highly amenitized office building is well-positioned to cater to a wide range of tenants, and we believe it will benefit from the sustained strong demand in the Seaport for top-quality office space.”
Two Boston-native tenants — Lord Hobo Brewing Company and Render Coffee — have signed leases for the ground floor retail space, thereby maintaining the iconic Boston culture of the open-concept lobby of Two Drydock, while also adding value for the office tenants and surrounding area, as well.
Two Drydock is Skanska’s sixth commercial development of Boston office space and fourth development in the Seaport district. The company has invested a total of $3.2 billion in commercial and multifamily projects since 2009, as well as restored iconic landmarks — such as Gillette Stadium, the Novartis Institute for Biomedical Research and the Longfellow Bridge. Other commercial development projects include 121 Seaport, a LEED-Certified Platinum tower in the city with 400,000 square feet of Class A office space; 101 Seaport, the New England headquarters for PwC; Watermark Seaport, a 300,000-square-foot, LEED-Certified Gold residential building with ground-floor retail; The Harlo, a 17-story, 183,000-square-foot residential tower with 212 apartments and 7,000 square feet of ground-floor retail; and 150 Second St., a laboratory building in Cambridge.