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.

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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