The rents in the Seaport/Innovation District continue to climb. Recently the Class B renewals have pushed to $45 PSF, with that in mind we have a record trade of $60.2 million or $400 PSF.
From the BBJ:
TIAA-CREF has acquired 51 Sleeper St. in Boston’s Seaport for $60.2 million, setting a record sale price for the city’s burgeoning Innovation District of roughly $400 per square foot.
The full article is available on the Boston Business Journal.