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**Mandarin Oriental Retail Collection Sold to Hennick Group for $83 Million**
JLL Capital Markets has facilitated the $83 million sale of the Mandarin Oriental Retail Collection, a premier retail condominium spanning 28,856 square feet in Boston’s prestigious Back Bay neighborhood. The sale was led by JLL’s senior managing director Chris Angelone, director Zach Nitsche, and associate Sam Wiesman, with additional support from managing director Anthony Cutone. The team represented the seller and secured the buyer, The Hennick Group.
Located at 772 and 776-778 Boylston Street, the Mandarin Oriental Retail Collection boasts 100 feet of frontage along Boylston Street. The retail units are situated at the base of the Mandarin Oriental Hotel and integrated with the Prudential Center, positioning them in one of Boston’s most vibrant commercial corridors. The property is currently 82.2% leased and is anchored by Citizens Bank. Other notable tenants include luxury linen brand Frette, beauty service provider MiniLuxe, and Lunette Optic.
“The Mandarin Oriental Retail Collection is a true trophy asset in an incredible location in Boston,” noted Angelone. “The sale price represented one of the highest price-per-square-foot retail trades in the city’s history, which is a testament to the exceptional quality of the asset and the opportunity for The Hennick Group going forward.”
This high-profile transaction underscores the continued investor confidence in premier urban retail assets, especially those situated in iconic mixed-use developments.
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