Skanska Sells 121 Seaport Office Tower for $455M to American Realty/Norges JV

121 Seaport, Boston

BOSTON—Skanska has sold the newly built 121 Seaport office tower here to a joint venture of American Realty Advisors and Norges Bank Real Estate Management for a reported purchase price of $455 million.

The sale, reported on Thursday, marks Skanska’s final disposition of four adjacent Seaport properties it developed, which also include 101 Seaport, Harbor Way and Watermark Seaport. On behalf of Skanska, vice chairman Edward Maher, executive managing director Matthew Pullen, and managing director James Tribble of Newmark Knight Frank’s Boston Capital Markets team, which is led by co-head of U.S. Capital Markets Robert Griffin, oversaw the transaction.