The Mandarin Oriental Retail Collection_Property for Sale
The Mandarin Oriental Retail Collection_Property for Sale
Boston, MA, US, Americas

The Mandarin Oriental Retail Collection

Portfolio description

JLL Capital Markets is pleased to present the exclusive opportunity to acquire a one of-a-kind, trophy asset at the base of the ultra-luxury Mandarin Oriental Hotel, situated at the front door of the Prudential Center, the famous Boston landmark and preeminent shopping destination in the Northeast. The Mandarin Oriental Retail Collection is a +/- 28,856 SF jewel box retail condominium, anchored by Citizens Bank with approximately 100 feet of frontage along Boylston Street and additional internal frontage along the Prudential Center arcade. The property benefits from immense foot traffic from the surrounding retail, most notably Apple, Eataly, View Boston, Aritzia and the newly opened Dick’s House of Sport location that shadow anchors the Collection. Additionally, the property sits at the base of the Mandarin Oriental hotel, an ultra-luxury Forbes five-star hotel with 148 guestrooms and suites as well as 74 highly customized residential units located on the upper levels.


The Mandarin Oriental Retail Collection offers investors a generational opportunity to procure an iconic asset in the heart of one of the world’s most desirable cities.

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Attributes

Building area gross
2,681 m²
Occupancy
82%
The Mandarin Oriental Retail Collection (2 Properties)
The Mandarin Oriental Retail Collection (2 Properties)

Media

Investment Highlights

  • Premier retail destination in Boston's Back Bay


  • Highly coveted demographics, 200K daytime population within 1-mile


  • 17,700 SF of recent leasing activity including a new 15-year lease with Citizens Bank and a new 12-year lease with Lunette Optic 


  • Opportunity to control and lease up at least 5,000 SF of space on Boylston Street and in the Prudential Center, the most desirable retail corridor in Boston  


  • 5%+ 10 Year CAGR


The Mandarin Oriental Retail Collection 4_Property for Sale
The Mandarin Oriental Retail Collection 4_Property for Sale

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Last updated
20 Nov 2024