150,000-SF Downtown Office Building Sells for $110M

BOSTON-A partnership of American Fund-OIK and BHF Immobilien, advised by Real Estate Capital Partners, acquired 350 Washington for $110 million from Eastern Development LLC. Cushman & Wakefield’s Financial Services Group’s Robert E. Griffin Jr., Edward C. Maher Jr., Marci Griffith Loeber and Geoffrey Millerd represented Eastern Development and procured the buyer in the transaction.

The 150,000-sf building, located in Downtown Crossing shopping district, is one of its signature retail buildings. It was originally on the market two years ago, but was pulled off before being sold. An industry source tells GlobeSt.com that the building received three full price offers in this go-around.