The 1.24-million-square-foot Exchange Place office tower in Boston.
BOSTON—UBS Realty Advisors has sold the 40-story Exchange Place office tower on State Street here to a joint venture of Allianz Real Estate, the Massachusetts Pension Reserves Investment Management Board (PRIM) and Beacon Capital Partners for $845 million.
The Class A office tower located in the Financial District is currently 93% leased and is home to such tenants as Hill Holliday, Nixon Peabody, Acquia, The Boston Globe, Marcum Accountants & Advisors, DataXu, Morgan Stanley and more than 30 other firms.
Newmark Knight Frank listed the property for UBS Realty Advisors. NKF's vice chairman Edward Maher, executive managing director Matthew Pullen and managing director James Tribble of NKF's Boston Capital Markets team, which is led by Co-Head of U.S. Capital Markets Robert Griffin, oversaw the transaction of the 1.2 million-square-foot trophy office tower and associated 126-space parking garage.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
