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One Liberty Square Sells for $50M

BOSTON-One Liberty Square, a 157,467-sf, class A office building in the Financial District, sells to Dallas-based Invesco Real Estate.

By Beverly Ford | Updated on January 09, 2007

BOSTON-A historic jewel box building at One Liberty Square has sold for $50.3 million in a deal that gives new owner, Dallas-based Invesco Real Estate, a 157,467-sf, class A property in the heart of the Financial District. The seller, Macquarie Office Trust, of Chicago, had 20 offers to choose from in the deal, a broker in the sale tells GlobeSt.com.

“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.”

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