Oxford Properties acquires Boston Seaport office tower for $435 million

Oxford Properties has acquired One Marina Park Drive, a 494,938-square-foot office tower in Boston’s Seaport District, for $435 million. JLL represented the seller, Clarion Partners, in the transaction.

The 18-story asset is LEED Gold and WiredScore Platinum certified, currently maintaining a 99% lease occupancy rate. The sale marks the largest standalone office transaction in Boston within the last five years. The Seaport micro-market has seen 22% Tier 1 rent growth since 2019 and maintains a 98% occupancy rate for Tier 1 assets.