Adds Iconic Premier Retail Asset Within the Prudential Center
The Hennick Group (“Hennick Group”), a private investment firm, announced the acquisition of the Mandarin Oriental Retail Collection, a one-of-a-kind retail asset located in Boston, Massachusetts, for $83 million.
Situated in the heart of the coveted Back Bay area, this iconic property is strategically positioned at the base of the luxury Mandarin Oriental Hotel and within the Prudential Center – one of Boston’s most prestigious and high-traffic mixed-use destinations. Featuring over 150 feet of prime retail frontage along Boylston Street anchored by Citizens Bank and additional flagship space inside the city’s leading shopping complex, this property offers an irreplaceable location in a highly sought-after neighborhood.
“The Mandarin Oriental Retail Collection presented a rare opportunity to own an important piece of a Boston landmark property, and we are delighted to add it to our growing portfolio,” said Jory Hennick, Managing Director of Hennick Group. “This acquisition expands our presence in Boston and complements our property in Harvard Square. It also aligns with our broader strategy of owning premier assets in world class locations, including Bridge Tower Place Retail in New York and The Hazelton Hotel, Imperial Plaza Retail and York Mills Center in Toronto. As a private investor with patient, permanent capital, we remain focused on curating high-quality properties that we can be proud to own for the long-term.”
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