German Fund Acquires 175 Federal St. for $139M

175 Federal St., Boston Courtesy: JLL

BOSTON—Blackstone continues to sell off its office assets here. The New York City-based global asset management firm sold its 175 Federal St. office building here to German banking firm Deka Immobilien GmbH for $139 million.

The 17-story, 227-365-square-foot office building, also known as the Fiduciary Trust Co. building, was built in 1979 and is located opposite South Station. The property will be placed in the portfolio of open-ended real estate mutual fund Deka-ImmobilienGlobal. JLL represented Blackstone in the sale of 175 Federal St. The property was put on the market for sale in January. JLL managing directors Frank Petz, Chris Angelone, Jessica Hughes and Matthew Sherry marketed the property for sale for Blackstone. JLL officials had no comment on the transaction.