Wednesday, June 6, 2007

One Financial Center in Boston goes on the market

The Boston Globe is reporting that the original developer/long-time owners of One Financial Center in Boston are cashing out: Amid towering prices, One Financial Center in Boston goes on the market.

The building cost $100 million to build and opened in 1984. It has 1,065,607 square feet of space is nearly 100 percent leased.

The sale price of this building will set the market for Class A office buildings in Boston. The other most recent transfers were portfolio transactions. The broker is looking for a sales price of $800 per square foot.

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