Blackstone is the suitor for 399 Boylston Street in Boston’s Back Bay for $508.69 PSF. National coverage in Bloomberg, reports “Blackstone Group LP (BX) agreed to buy a 13-story office building in Boston’s Back Bay district for $117 million, seeking to increase income by re-leasing space in a strong market, said two people with knowledge of the deal…The seller of 399 Boylston St. is Shorenstein Properties LLC, which has owned the building since 2007…The brick-and-glass property, built in 1983, has about 230,000 square feet (21,400 square meters).”
Credit: Shorenstein Properties
Follow the link to read Bloomberg’s article on the sale of 399 Boylston Street.