The Class B market continues to see assets brought to the sales market. 40 Broad Street, is the latest; it last traded in 2006 for $174.84 PSF and we will see how the market receives it today.
According to a report by Thomas Grillo on the BBJ, “Pearlmark bought the building from Prudential Real Estate Investors in 2006 for $50 million. Brokers say the sale could fetch twice that.”
Details on the property are available on the Boston Business Journal.