"It's a great little building," says Insignia principal LisaCampoli, who notes that the Bristol Group has undertaken anextensive renovation program since acquiring the property threeyears ago. Along with a refurbished lobby and common areas, the80-year-old building's façade was also recently restored.

Campoli says Insignia will begin marketing the property laterthis week. Among potential suitors, she predicts, will be foreignbuyers, private opportunity vehicles and domestic pension funds.Along with solid upside in rental rates, with a number of leasesrolling over, Campoli says the property's location is also a strongpositive factor. The building is in the Financial District, but isalso just a few blocks away from the burgeoning SeaportDistrict.

"It's a gateway building," says Campoli. "That end of CongressStreet is really going to be the key connection between theFinancial District and the waterfront." It is also right in thepath of a major fiber-optic corridor that could allow leasing ofsome of 211 Congress St. as telecommunications switch space.Indeed, the property located across the street, 230 Congress St.,became one of the earliest switch hotels in the city during themid-1990s.