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Lafayette Corporate Center Rumored to be Up For Sale

BOSTON-The Lafayette Corporate Center, once a failed mall and now a thriving office and retail complex, is reportedly up for sale. Strong interest is predicted because of the recent rebirth of the Downtown Crossing area.

By Naomi Grossman | Updated on July 03, 2001

BOSTON-The Lafayette Corporate Center, which was redeveloped by the Chicago-based Barket brothers, is reportedly being put up for sale. The Center, which is located in the heart of Downtown Crossing here, was sold for $17 million at a foreclosure auction ten years ago and then purchased by the Barket in 1997.

Unconfirmed reports state that the 615,000-sf office and retail complex could get as much as much as $140 million. The Center was a failed mall when the Barkets stepped in and developed 80,000 sf of retail space and 535,000 sf of office space in the floors above. State Street Corp. leases 400,000 sf there while MFS Investment Management leases the remaining 135,000 sf.

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