Global retail developer Gazit buys Newbury Street property for $51M


Gazit Globe Ltd., an owner, developer and operator of retail property across the globe, is expanding its Boston portfolio with a purchase on Newbury Street.

The company has acquired 341 Newbury St., a six-story, 49,000-square-foot building, for $51 million. The property is leased to Japanese clothing retailer Uniqlo and boutique fitness studio SLT, and also includes a 98-space parking garage.

The Dartmouth Co. brokered the deal.

Gazit’s (NYSE: GZT) local portfolio includes 467 Washington St.,…

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