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Hennick & Company Completes Joint Venture with Gazit Globe on Iconic Harvard Square Building

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Hennick & Company Completes Joint Venture with Gazit Globe on Iconic Harvard Square Building
Hennick & CompanyFebruary 3, 2021 GMT
TORONTO, Feb. 03, 2021 (GLOBE NEWSWIRE) Hennick & Company (“HennickCo”), a private firm that invests in high quality real estate and operating businesses for the long-term, announced today that it has entered into a new joint venture with Gazit Horizons, Inc., a wholly-owned subsidiary of Gazit-Globe (TASE:GZT) (collectively, “Gazit”), for the ownership of 1430 Massachusetts Avenue, a 50,000 square foot mixed use building located in the heart of Harvard Square, Cambridge, Massachusetts. The building was previously purchased by Gazit for US$45,000,000 in an off-market transaction from University Common Real Estate, who had owned the property for over fifty years. HennickCo and Gazit will now own 1430 Mass Avenue together as partners. ....

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In $45 Million Sale, Real Estate Firm Acquires Historic Harvard Square Building | News

A former Harvard dormitory building that today houses Harvard Square staples like Pokeworks and OTTO Pizza was purchased last month by Gazit Horizons, Inc. for $45 million.
The 50,000 square foot building, which is located at 1430 Mass. Ave., was purchased in an “off-market transaction” from previous owner University Common Real Estate, which owned the property for more than half a century, according to Gazit’s press release. Gazit Horizons is a subsidiary of global real estate company Gazit-Globe.
The sale occurs against the backdrop of a slew of construction projects springing up in Harvard Square, including renovations of the Harvard Cooperative Society’s flagship store and The Abbot Buildings that previously housed the Curious George Store. ....

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More changes in store for Harvard Square - The Boston Globe

More changes in store for Harvard Square
A New York real estate firm bought a prominent building at the corner of Mass. Ave. and Church St.
By Tim Logan Globe Staff,Updated December 23, 2020, 12:12 p.m.
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A retail and office building at the corner of Massachusetts Avenue and Church Street in Harvard Square sold this week for $45 million.Gazit Horizons (Custom credit)
CAMBRIDGE â Pandemic or no, itâs a safe bet that the nationâs oldest and most prestigious university will keep on going. And that makes a building across the street from Harvard Yard a good investment, no matter whatâs going on in the world. ....

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