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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.