The building was built in 1895 and renovated in the 1990s. Deb Stevens of GVA Thompson Doyle Hennessey & Stevens represented the buyer in the deal. Stevens tells GlobeSt.com that the building was not on the market but her client saw the building and was interested. After a "long period of time," says Stevens, the two parties eventually came to an agreement.

The building is nearly fully leased and among its tenants are JP Morgan Chase, Manulife Financial, US Securities & Exchange Commission, Katz & Rudnick and Mass Bankers. The SEC is planning to move this fall to 65,000 sf it leased at 33 Arch St. and it is unclear if Manulife is staying since its recent merger with John Hancock. Calls to the company were not returned by deadline.

A source close to the deal tells GlobeSt.com that Suffolk University, which is across the street from 73 Tremont, is interested in taking any available space in the building. Calls to the university were not returned by deadline.