John Hancock Tower Sold To NY Real Estate Firm

One of Boston ’s most recognizable landmarks, the John Hancock Tower , was sold to Broadway Real Estate Partners, a New York real estate firm, as part of a $3.3 billion deal for a package of buildings in four cities.

Beacon Capital Partners sold the 60-story tower and nine smaller properties to Broadway last week. John Hancock Financial Services had sold the tower and two nearby buildings to Beacon Capital Partners in 2003 for $910 million.

Broadway immediately sold the two smaller buildings located in the Back Bay section of Boston at 197 Clarendon St. and 200 Berkeley St. , to Canadian financial services company Manulife Financial Corp. for $454 million. Manulife, the world’s fourth largest life insurance company, through its U.S. subsidiary John Hancock, already occupies about 60 % of those buildings.

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