November 6, 2018
Washington, D.C.-based Carr Properties acquired 200 State Street in Boston from GLL Real Estate Partners for $222 million. The asset is a 304,178-square-foot office condominium, and has an associated 120-space parking garage.
The property is 96% leased to a diverse 21-tenant roster anchored by Beacon Health Options, TD Bank, FTI Consulting, Beacon Capital Partners and TIFF Investment Management. The institutional-quality asset benefits from significant base building and tenant improvements completed throughout the past 10 years.
NKF’s Edward Maher, Matthew Pullen and James Tribble oversaw the transaction.
Pullen says, “200 State Street’s compact building core facilitates highly efficient, flexible floor plates averaging 20,000 square feet in size. Combined with its prestigious State Street address and panoramic city and Boston Harbor views, the asset is uniquely able to accommodate a variety of modern tenant requirements.”
For comments, questions or concerns, please contact Dennis Kaiser