Reported Oct 22, 2026 · Source: Bisnow
W.P. Carey, a 53-year-old REIT that invests in single-tenant, net-leased assets, bought 1100 Crown Colony for $25.5M in 2013, a year after Arbella renewed its lease at the building. New York-based W.P. Carey sold a 132K SF office building in Quincy for 78% less than it paid for it more than a decade ago, as its sole tenant, Arbella Insurance, prepares to move to the building next door. Quincy-based FoxRock Properties paid $5.5M for 1100 Crown Colony Drive, according to an Oct.
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The Quincy-based firm also owns the office building next door, at 1200 Crown Colony Drive.
Quincy-based FoxRock Properties paid $5.5M for 1100 Crown Colony Drive, according to an Oct.
New York-based W.P. Carey sold a 132K SF office building in Quincy for 78% less than it paid for it more than a decade ago, as its sole tenant, Arbella Insurance, prepares to move to the building next door.
W.P. Carey, a 53-year-old REIT that invests in single-tenant, net-leased assets, bought 1100 Crown Colony for $25.5M in 2013, a year after Arbella renewed its lease at the building.
Article date: 2026-10-22T20:03:57-04:00
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