The premier trophy asset is located at the base of the Mandarin Oriental Hotel and the Prudential Center in Boston’s Back Bay
News release
10 September 2025
JLL arranges $83M sale of Mandarin Oriental Retail Collection in Boston
BOSTON, Sept. 9, 2025– JLL Capital Markets announced today that it has arranged the $83 million sale of the Mandarin Oriental Retail Collection, a premier retail property totaling 28,856 square feet in Boston’s Back Bay neighborhood.
JLL represented the seller, and procured the buyer, The Hennick Group.
The Mandarin Oriental Retail Collection is located at 772 and 776-778 Boylston St. in the heart of the Back Bay. With 100 feet of frontage along Boylston St., the shops are positioned at the base of the ultra-luxury Mandarin Oriental Hotel and within the Prudential Center, a famous Boston landmark and preeminent shopping destination in the Northeast. The property benefits from the immense foot traffic stemming from nearby retail and tourist destinations, including Eataly, View Boston, Dick’s House of Sport, Fenway Park, The Boston Public Garden, Boston Public Library and Copley Square, among others.
The jewel box retail condominium is currently 82.2% leased and anchored by Citizens Bank. Additional tenants include Frette, MiniLuxe and Lunette Optic.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Chris Angelone, Director Zach Nitsche and Associate Sam Wiesman, with help from Managing Director Anthony Cutone.
“The Mandarin Oriental Retail Collection is a true trophy asset in an incredible location in Boston,” said Angelone. “The sale price represented one of the highest price-per-square-foot retail trades in the city’s history, which is a testament to the exceptional quality of the asset and the opportunity for The Hennick Group going forward.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About The Hennick Group
The Hennick Group (“Hennick Group”) is a private investment firm dedicated to making long-term significant investments in high-quality real estate and public and private operating businesses. Established by the Hennick family, the firm is the largest shareholder in Colliers International Group Inc., a global professional services and asset management company and FirstService Corporation, North America’s largest residential property management and property services company.
In its real estate investments division, Hennick Group targets high-quality, income-producing properties in irreplaceable locations that it can be proud to own for the long term. In its private investments division, Hennick Group partners with management teams of established businesses to accelerate their growth and create long-term value. For more information, visit: www.hennick.com.