Synergy Buys Quincy’s 200 Newport Ave.; Cushman & Wakefield Brokers $25M for ING

QUINCY, MA—Synergy Investment & Development has brought new meaning to the term Red Lining.

Already in control of several assets along the MBTA’s Red Line subway, the Boston-based investor has closed on 200 Newport Ave., an eight-story, 145,000-sf office building fully leased to State Street Bank Corp. Marketed by Cushman & Wakefield, the first-class structure purchased from ING/Clarion for $25 million is mere steps from the Red Line’s North Quincy station, and one stop from the JFK/UMass depot in Dorchester where Greaney’s firm owns a bustling retail plaza. Properties at 27 School St. and 141 Tremont St. are adjacent to the Park Street stop at Boston Common, South Station serves two buildings Synergy acquired last year on Summer Street; and the firm also owns 10 Fawcett St. in West Cambridge where the Red Line begins along Fresh Pond Parkway.

Download full article from May 17, 2011 The Real Reporter (PDF)