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Reports: Faneuil Hall Marketplace Lease Goes For $136M

May 10, 2011 | Reprints | Print

The Faneuil Hall Marketplace lease will soon belong to New York-based investment group Ashkenazy Acquisition Corp., which reportedly bid $136 million for the right to lease the property from the city of Boston, according to published media reports.

Boston owns the 6.5 acre Faneuil Hall Marketplace and has been leasing three of the four buildings to Chicago-based General Growth Properties. General Growth has been experiencing financial difficulties and agreed to sell the leases to Ashkenazy yesterday.

Boston Mayor Thomas. M. Menino is said to be looking to meet with Ashkenazy to discuss the future of Faneuil Hall.

Commercial & Industrial