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Boston Stock Exchange Home Sells for $20M

BOSTON-SSR Realty Advisors sells 100 Franklin St., the nine-story 117,630-sf home of the Boston Stock Exchange to Oasis Development of Lynn. The company is acquiring the building for $19.5 million or about $170 per sf.

By Naomi Grossman | Updated on July 27, 2004

BOSTON-SSR Realty Advisors is selling 100 Franklin St., the nine-story home of the Boston Stock Exchange, to Oasis Development of Lynn for $19.5 million or about $170 per sf.

The 117,630-sf building is located in the financial district near Post Office Square and is bound by Franklin, Arch and Devonshire streets. It was originally constructed in 1908 and served as the headquarters for the Boston Safe Deposit and Trust Co. In 1998, the building underwent a major renovation, in which the original three-story bank portion of the building was transformed into the new home of the Boston Stock Exchange. The building has been a recipient of a $6-million capital improvement project, having received significant upgrades to the building’s electrical, HVAC and elevator systems.

Cushman & Wakefield’s Financial Services Group of Robert E. Griffin Jr., Marci Griffith Loeber, Edward C. Maher Jr. and Jeffrey H. Gates represented SSR in the transaction and procured the buyer.

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