Search
 

Rockefeller Group Led Venture Sells 28 State Street Tower for $418M

The building, located at the intersection of Congress and State streets in the Financial District, features approximately 572,000 square feet of office space and 7,000 square feet of retail space.

28 State Street in Boston was acquired in 2014 in a deal reportedly valued at $345 million. 28 State Street in Boston was acquired in 2014 in a deal reportedly valued at $345 million.

BOSTON—A joint venture that includes New York City-based Rockefeller Group, U.S. Premier Office Fund LP and Mitsubishi Estate New York have sold the 40-story office tower at 28 State St. here for approximately $418 million.

TA Realty LLC reported the transaction. The Boston-based real estate investment management firm arranged the sale for the selling joint venture. Multiple trade press venues have reported that Heitman Capital Management, which has North American offices in Chicago and Los Angeles, acquired the building. Globest.com could not confirm those reports at press time.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.