reported on August5th


The property sits in the middle of the Financial District hereand retains a current 99% occupancy, boasting tenants Eaton Vance,Beacon Capital Partners, the Parthenon Group and law firm Morgan,Brown & Joy, among others. Broadway picked up the asset in2007--for $145 million according to sources--as part of a$5-billion portfolio from Beacon Capital Partners, but has latelybeen divesting itself of high-profile assets over the past fewmonths. New York City-based Broadway sold One City Center inHouston for $131 million in June and is reportedlyselling the Citigroup Center in San Francisco for $370million.


"The sale of 200 State St. is another step forward in theexecuting of Broadway's capital strategy," Scott Lawlor, CEO ofBroadway, says in a statement. "and the repositioning of ourportfolio of outstanding office properties. We're pleased that ourcurrent disposition activity is generating gains for our investorsin the midst of a very challenging commercial real estateinvestment climate nationwide."


GLL is a real estate funds management group as a joint venturebetween Lend Lease Corporation and Italian insurance companyAssicurazioni Generali and management. Broadway Partners is aprivate national real estate investment and management firm. RobertGriffin, Marci Loeber and Edward Maher of Cushman & Wakefieldof MA brokered the deal.

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