According to Andrew Harris, senior VP for advisory services for Binswanger/CBB, the leasing agent, the building was built in the late 1980s as a build-to-suit for the Limited. It is owned by Faneuil Square Holdings Inc., a group of offshore investors.

In 1997, the company subleased the first four floors to Abercrombie and Finch and the fifth floor to Bath and Body Works. The Limited has a renewal option on the lease, but only on the entire building, and Harris tells GlobeSt.com that it is "unlikely that it will lease the entire building when it is only occupying the first three floors."

Harris says the hope is that the building will be tied up with one user again and he adds that there is already interest in the building, which has an asking rent of $60 per sf. Because the retail market in the city is currently stronger than the office market, and because the building is laid out to suit retail use, the property owner is interested in a retail tenant.

The Faneuil Hall Marketplace is one of the country's busiest urban retail areas with estimates that over 12 million visitors come to the area.