The newly constructed Converse building, which was developed and owned by Related Beal, is being sold to Union Investment. As many will remember, Lovejoy Wharf was for many years an eye sore to the neighborhood and the building had fallen into a bad state of disrepair. Related Beal took on the development of the site and greatly rejuvenated the area which has become one of the hottest developing neighborhoods in Boston. The new owner of this building, Union Investment, is a large asset management company with billions of dollars in investments. They own over 390 properties located throughout Europe, Asia and the Americas.