BofA Signs Tentative Deal to Sell 100 Federal Street
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BOSTON-Bank of America Corp. has signed a tentative deal with Boston Properties Inc. to sell its 1.6-million-square-foot building at 100 Federal St. for approximately $600 million. The 37-story tower is located in the Financial District of Boston.
BofA will retain its office space at the Federal Street building through a lease-back agreement. The building, constructed in 1971, sits on 1.9 acres of land. Recently, the bank announced its plans to sell three towers in Charlotte, North Carolina and New York. For the full story, go to Boston Business Journal .
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Categories: Northeast, Sales, Acquisitions/Dispositions, Scope, Boston
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