Sullivan
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REIT Acquires Life Science Complex in Boston Seaport District

Sullivan represented Diversified Healthcare Trust (Nasdaq: DHC) in connection with the sale of a 10% equity interest in a two building life science complex located at 11 Fan Pier and 50 Northern Avenue in Boston, MA. DHC sold the interest to an existing joint venture partner for a purchase price of approximately $108 million. The purchase price for the 10% equity interest is based on a property valuation of $1.7 billion, less the $620 million of existing secured debt on the property. Sullivan provided counsel with respect to the initial JV formation and has continued to provide representation to the JV since 2017.

Avinash R. Rao and John M. Steiner

City-Owned Parking Lot Redeveloped into Three-Building Campus

Sullivan represents client FoxRock Properties concerning environmental issues related to its pursuit to redevelop the 2.3-acre former City-owned Ross Parking Lot into a three-building life science campus featuring retail and office space.

The redevelopment of this property has involved a multi-year negotiation with the City of Quincy, remediation of the development site, coordination with an adjacent City infrastructure project and permitting. At full build, the campus will total over one half million square feet and will play an important part in the revitalization of Quincy Center.

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Past Events

Impact of 21st Century ROAD to Housing Act on Institutional Investor Ownership of Single-Family Rental Homes
When: July 13, 2026
People: Cameron N. Cosby, William C. Hanson, Karen J. Kepler, Louis A. Monti, Ameek Ashok Ponda, John M. Steiner, Sarah D. Wellings, Carson Durdel and Connie Lee
"One Big Beautiful Bill Act" Enshrines Opportunity Zone Provisions
When: July 10, 2025
People: Benjamin J. Armour and Daniel P. Ryan
Breaking: FinCEN Removes BOI Reporting Requirements for U.S. Companies and U.S. Persons
When: March 28, 2025
People: William C. Hanson, Natalie S. Lederman, Spencer A. Stone and Ida J. Vanto
Breaking: Corporate Transparency Act Back in Effect with New Filing Deadline on March 21, 2025
When: February 19, 2025
People: William C. Hanson, Natalie S. Lederman, Spencer A. Stone and Ida J. Vanto
Breaking: Corporate Transparency Act on Hold Again
When: December 27, 2024
People: William C. Hanson, Natalie S. Lederman, Spencer A. Stone and Ida J. Vanto
Breaking: Corporate Transparency Act Reinstated with Short Extension of Some Deadlines
When: December 24, 2024
People: William C. Hanson, Natalie S. Lederman, Spencer A. Stone and Ida J. Vanto
EPA Proposes New Stormwater Regulations for Three Boston Area Watersheds
When: November 26, 2024
People: Victor N. Baltera and Gregory S. Sampson
Governor Signs Economic Development and Clean Energy Bills: Key Insights
When: November 21, 2024
People: Gregory S. Sampson, Victor N. Baltera, Ashley Tan and Melissa Niles
Housing Bill Becomes Law, But It’s Not Just About Housing
When: August 7, 2024
People: Karen J. Kepler and Spencer A. Stone
Clarifying the Availability of Zoning Appeal Bonds in Boston
When: July 19, 2024
People: Victor N. Baltera and Gregory S. Sampson
Real Estate Investment Trusts 2024 - USA
When: June 25, 2024
People: Howard E. Berkenblit, Louis A. Monti, Ameek Ashok Ponda and Sarah D. Wellings
Boston Planning and Development Agency Approves Proposal for Net Zero Carbon Zoning
When: June 18, 2024
People: Victor N. Baltera and Gregory S. Sampson
Corporate Transparency Act Ruled Unconstitutional
When: March 12, 2024
People: Spencer A. Stone
Zoning and Development Newsletter
When: January 2024
People: Ashley H. Brooks, Patrick P. Dinardo, Victor N. Baltera, Ashley Tan, Eugene L. O'Flaherty, Ryan M. Rosenblatt and Gregory S. Sampson
Zoning and Development Newsletter
When: July 2023
People: Patrick P. Dinardo, Victor N. Baltera, Ashley Tan, Eugene L. O'Flaherty, Ryan M. Rosenblatt, Ashley H. Brooks and Gregory S. Sampson
The Next Generation of Superstars
When: January 2023
People: John W. Gahan, III
LIHTC Partnership Agreements (for Developers)
When: October 18, 2022
People: John W. Gahan, III
2020 Census Results Have No Impact on Boundaries of Opportunity Zones
When: May 17, 2021
People: Benjamin J. Armour, John W. Gahan, III and Ryan M. Rosenblatt
Latest Proposed Regulations Provide Needed Guidance on the Working Capital Safe Harbor
When: April 22, 2021
People: Benjamin J. Armour, John W. Gahan, III and Daniel P. Ryan
Opportunity Zone Regulations – White Paper
When: April 20, 2021
People: Benjamin J. Armour, John W. Gahan, III and Daniel P. Ryan
Internal Revenue Service Provides Additional COVID-19 Related Relief for Opportunity Zones Investors
When: January 20, 2021
People: Benjamin J. Armour, John W. Gahan, III and Daniel P. Ryan
Identify and Report “Control” Investors: The Corporate Transparency Act of 2020
When: January 15, 2021
People: J. Truman Bidwell, Jr, Harvey E. Bines, William C. Hanson and Mark Norris
Creative Planning for the Transfer of Family Real Estate
When: November 18, 2020
People: Richard H. Goldman
Where We Go From Here: Using the OZ Act to Move Beyond Covid-19
When: April 30, 2020
People: Benjamin J. Armour, John W. Gahan, III and Daniel P. Ryan

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