"It was tremendously well received in the marketplace," says Scott Jamieson, with Jones Lang LaSalle's Boston office. The building was on the market for about 30 days. "In excess of 150 books were out, we conducted 41 tours and had 20 offers."
Jamieson says interest in the property was high because of its Financial District location, 95% occupancy and its classic architecture. "It was a tremendous opportunity," he says. "It's a classic building for Boston."
Completed in 1926 and renovated in 1981, the 13-story building represents one of the city's best example of Classic Revival architecture with its bull nose shape and distinctive facade of limestone and granite. The property, which has been institutionally owned and managed for decades, occupies a full-city block between the Boston Harbor and Post Office Square. Its tenants include Suez LNG, Great Hill Partners, Berman DeValerio Pease Tabacco Burt & Pucillo along with a number of legal firms and equity companies.
Jamieson, along with Michael Smith, Cappy Daume and Gail McDonough, all with JLL, represented the seller and procured the buyer in the deal.
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