The 90%-leased office building sits squarely in the Financial District, topping out at 13 stories. Broadway picked up the property for $108 million in May of 2006 from Walton Street Capital.
Broadway Partners recently defaulted on its loan--and was forced to relinquish ownership of--another iconic building here in the Hub, the Hancock Tower. After acquiring the building in 2006 in a 10-building portfolio buy from Beacon Capital, Broadway saw the building sold to Normandy Real Estate Partners for a roughly half of the $1.3 billion Broadway shelled out for the trophy property.
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