You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Downtown office building at 10 Milk St. has new owners

Synergy Investments, a Boston-based real estate investment and development firm, said it has acquired an 11-story office building near Downtown Crossing from Oasis Ten Milk Street LLC.

With just over 230,000 square feet of office and retail space, the building is located at 10 Milk St. with a second entrance on Washington Street.

Continue reading below

Along with partner GreenOak Real Estate, a real estate investment management company, Synergy said it acquired the building by taking on a defaulted $58 million loan held by a securitized lender.

“We have been focused on this property for more than four years and spent the better part of a year negotiating the complicated assumption of a securitized loan,” Synergy president David Greaney said in a statement. “It fits our strategy and vision in Boston, and our team worked hard to make this happen.”

According to Synergy, 10 Milk St. is the firm’s 10th property in the downtown area.

The building is currently 70 percent leased. Retail tenants include 7-Eleven, Johnston & Murphy, and Cosi. Office tenants include Partners Healthcare, Lawyer’s Weekly, and the Trust for Public Land as well as the investment management software company Code Red, the mobile optimization software company SiteSpect, digital design and e-commerce consultant Optaros, and app developer Razilabs.

Fashioned in the Beaux Arts-style 10 Milk St. was designed by the noted architect A.H. Bowditch and built in 1903. It features ornamentation inspired by classical Greek and Roman traditions.

Chris Reidy can be reached at
Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of