0 40 Broad Street Under Agreement

40 Broad Street office building in the Boston Financial District

Photo Credit: Boston Business Journal

The Class B office market continues to see trades within the Financial District; 40 Broad will be traded for $378 PSF. The Financial District has seen tremendous absorption over the last 4 quarters within the Class A low and mid-rise space and Class B assets. Current vacancy is just below 10 percent overall.

“Located on a city block near the Rose Fitzgerald Kennedy Greenway, the largest tenant is advertising agency Mullen Communications which leases 105,000 square feet. About 25,000 square feet is available on the seventh floor, and nearly 12,000 square feet of retail space is available at Broad and Milk streets,” reports Thomas Grillo, real estate editor at the Boston Business Journal.

Follow the link to read the full BBJ coverage of the sale of 40 Broad St.

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