One Federal Street Rumored to be Sold

BOSTON-In what is rumored to be the second big deal within a week here, One Federal Street has reportedly been sold for $285 million or $350 per sf. If that price is right, its an indication that while the commercial real estate market in general has shown signs of softening, the class A office space here shows no signs of slowing down.

A recent survey of commercial real estate markets in North America by Colliers International Research indicates a slowdown in office markets nationwide but this area’s top of the market space–possibly due to the lack of new available space–is still going strong. Talk of the deal comes right on the heels of the sale of 99 High St. for $213.5 million or $292 per sf–a building that was sold 15 months after it was bought at the height of the market for $168.5 million.