The Class B Office market continues to see trades within the Financial District. At $302 per square foot this continue to push the market values up.
“Deutsche Asset & Wealth Management, formerly RREEF Real Estate, has agreed to buy the nine-story, 70,000-square-foot office building at 45 Milk St. for about $21.2 million, or more than $300 per square-foot, industry executives told Banker & Tradesman. Anglo Irish paid nearly $34 million for the asset in 2007, just before the financial markets came crashing down,” stated a report on Banker & Tradesman’s website.
The full article is available at B&T online