9/15/2008

European investors acquire Boston's 200 State St. for $167M

by
Munch, Germany-based GLL Real Estate Partners, a real estate funds management conglomerate, has purchased a 16-story office building in downtown Boston, Mass., for $167 million from New York City-based Broadway Partners.

Robert Griffin, Marci Loeber and Edward Maher of Cushman & Wakefield negotiated the deal.

Built in 1985, the 302,143-square-foot building is located in Boston's Financial District at 200 State St. It is currently 99-percent occupied and was 94-percent leased when Broadway acquired the building in May 2007. Current tenants include Eaton Vance Management Corp., Beacon Capital Partners, The Parthenon Group and the law firm of Morgan, Brown & Joy.

Address: 200 State St., Boston, Mass.

Size: 302,143 square feet

Built: 1985

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Filed Under: Office

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