The 157,585-sf building is located here in the heart of the financial district and is fully leased. According to David Finnegan, director of corporate communications for Lend Lease's Boston office, this is the Trust's first purchase in the area. "They were looking to enter the Boston market," Finnegan tells GlobeSt.com. The company views this investment as a long-term hold.

In a released statement, Dennis Walsh, a principal in Lend Lease's Boston office, which will undertake the asset management of the property, states, "1 Liberty Square is located in one of the strongest office markets in the United States. Boston's strong market fundamentals coupled with the building's excellent location, and strong tenant roster make this an ideal investment for the Trust Group."

Managed by Lend Lease Real Estate Investments, Lend Lease US Office Trust, the owner of Lend Lease US Office Inc. is the first listed Australian property trust to specialize in office real estate assets in the US.