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The 1.24-million-square-foot Exchange Place office tower in Boston. The 1.24-million-square-foot Exchange Place office tower in Boston.

BOSTON—UBS Realty Advisors has sold the 40-story Exchange Place office tower on State Street here to a joint venture of Allianz Real Estate, the Massachusetts Pension Reserves Investment Management Board (PRIM) and Beacon Capital Partners for $845 million.

The Class A office tower located in the Financial District is currently 93% leased and is home to such tenants as Hill Holliday, Nixon Peabody, Acquia, The Boston Globe, Marcum Accountants & Advisors, DataXu, Morgan Stanley and more than 30 other firms.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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