Pens Ready on Boston Trophy Office Sale

GlobeSt.com managing editor Ryan Clark also contributed to this report.

BOSTON-Broadway Partners is close to selling 200 State St., a 300,000-sf, 16-story office building in the financial district here to Germany-based GLL Real Estate Partners, industry sources tell GlobeSt.com. The property, which GlobeSt.com reported was on the market in May, changed hands for $141 million in 2005 and is reportedly selling for under $200 million.

Representatives for both Broadway Partners and GLL declined to comment on the deal. Apparently a contract has not yet been signed on the building, but the transaction is getting closer.