Landmark Boston Office Goes to KBS

BOSTON-The KBS family of companies has made its largest acquisition in metro Boston since 2008, with KBS Strategic Opportunity REIT buying 50 Congress St. here for $51 million. The century-old, landmark office property in Boston’s financial district had been owned and managed by the Burlington, MA-based Nordblom Co. for more than six decades.

In a release, Nordblom president Peter Nordblom calls 50 Congress “a gem of a building, and while the sale is the end of our long association with the property, it is another new beginning for the Nordblom Co. We are particularly delighted with the community of companies within the building and pleased to be selling the property to such a quality operator.” HFF marketed the property and brokered the sale to KBS, according to the release.