BOSTON — Oxford Properties Group has completed the acquisition of One Marina Park Drive, a Class A office tower located in the Seaport District of Boston. Oxford purchased the property from New York City-based Clarion Partners for $435 million.
Clarion Partners reportedly acquired the tower in December 2019 for $482 million.
Situated within the Fan Pier waterfront mixed-used development, One Marina Park Drive totals approximately 500,000 square feet across 18 stories.
The LEED Gold-certified property was 99 percent leased at the time of sale to tenants in the venture capital, legal and financial services sectors. Boston Business Journal reports the office tower’s tenant roster includes MassMutual, Fish & Richardson, Gunderson Dettmer, Battery Ventures and The Fallon Co., which originally developed One Marina Park Drive in 2010
According to the company, this marks Oxford’s first acquisition of a stabilized core office asset in the United States in almost a decade. The company’s Class A office holdings in Boston now totals 3.2 million square feet.
Since the beginning of 2025, the Toronto-based firm has deployed roughly $2 billion into the office sector globally. This comes after recycling $14 billion out of the office market between 2018 and 2022.
“We continue to see compelling opportunities to invest in premier office assets in gateway cities that are well-located, well-amenitized and positioned to benefit from the increasing focus on quality,” says Ankit Bhatt, head of U.S. investments at Oxford. “One Marina Park Drive exemplifies that opportunity. It combines a premier waterfront location, a diverse occupier ecosystem and exceptional connectivity within one of Boston’s most desirable office districts.”
— Hayden Spiess