OFFICIAL PRESS RELEASE:
Davis Expands Boston Commercial Investment Holdings with the Acquisition of Fort Point Channel Area Properties
January 14, 2026 – BOSTON
The Davis Companies (Davis) today announced the acquisition of three high-quality, extensively improved office buildings in Boston’s Fort Point neighborhood from global investment manager Nuveen. The portfolio, consisting of 34, 38 and 44 Farnsworth Street and 332 Congress Street, totals 151,714 square feet and is currently 94 percent leased.
The Fort Point portfolio is ideally located in close proximity to both the Fort Point Channel and the heart of the retail offerings of the Seaport District, in a prime location that benefits from a robust amenity base and excellent public transportation, with all major modes of transportation, including water taxi, within a block of each building, South Station a five-minute walk, as is the Downtown Financial District. Logan International Airport is less than a mile away. The portfolio also benefits from convenient access to interstates 90 and 93.
The acquisitions at 34, 38 and 44 Farnsworth and 332 Congress represent the latest additions to Davis’ national portfolio and mark the firm’s return to the Fort Point neighborhood following the successful repositioning of 24 Farnsworth Street and Tower Point at 27 Wormwood Street, which Davis sold in 2015. Significantly, these acquisitions mark the first investment in Boston office assets which Davis, a firm for which investment in greater Boston commercial office space has long been primary focus, has made in close to a decade.
“For fifty years, Davis has invested in Boston, driven by our longstanding belief in the resiliency and durability of our city’s commercial base,” said Stephen Davis, President of Davis. “Fort Point is one of Boston’s most dynamic mixed-use neighborhoods. We are excited to have the opportunity to return at this moment of historic asset valuation resetting, to further strengthen an already well performing portfolio and to add to the outstanding offerings in the area.”
This acquisition contributes to Davis’ long-term strategy of investment in this evolving Boston waterfront commercial neighborhood, building upon a portfolio that includes the 1054 room Omni Boston Hotel At The Seaport, which opened in 2021, and 88 Black Falcon Pier at the eastern end of the Seaport neighborhood, a 360,000 square foot industrial/research and development property acquired by Davis in 2017.
Nuveen acquired the portfolio from Clarion Partners in April 2016 and invested significant capital in both public space and tenant-specific improvements. The portfolio’s high quality tenant roster, high occupancy rate, and collection of “boutique” office buildings made it an attractive expansion opportunity for Davis as they build on the portfolio’s success.
“The Fort Point neighborhood is a rich, dynamic part of Boston’s commercial ecosystem, and we are proud of the growth of these assets through our investment in this district,” said Brendan Graham, Director of Asset and Development Management at Nuveen Real Estate. “We are grateful to our partners, leasing teams, and brokers for their role in executing this transaction and fulfilling the final stage of our strategy for this portfolio.”
Fort Point and the surrounding Seaport area act as Boston’s premier district for life sciences, high-level global organizations, and startups, with notable neighbors to this portfolio including P&G, Amazon, Reebok, and the recently relocated Hasbro. The portfolio is only steps away from a wide array of dining options, retailers, entertainment venues, and high-end residences and hotel offerings. All factors that position the portfolio well for growth and value creation.
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About Davis
Davis is a vertically integrated real estate investment, development and management firm that leverages five decades of experience, the strength of its leadership team and employees and a diversified portfolio to deliver maximum value for its investors and tenants. Headquartered in Boston and investing across the United States, Davis prides itself on taking a nimble, collaborative approach to delivering best-in-class results from complex opportunities. Since inception, Davis has invested in $13.2 billion in gross asset value through real estate equity, debt and fixed-income securities, Davis today owns a real estate portfolio of approximately 12.4 million square feet of healthcare and life science, industrial, retail, office and hospitality properties and more than 5,700 residential units across the United States. For further information, visit www.thedaviscompanies.com.