Two Liberty Square in Boston, which was sold to a joint venture of AEW Capital Management and Neelon Properties at the market’s peak for $23 million in July 2007, is on the market. But the price has dropped precipitously, and the owner, Aegon USA Realty Advisors, is likely to get just $15 million or $16 million this time around, according to an industry source familiar with the property.

Aegon, whose subsidiary, Transamerica Financial Life Co., made the $15 million loan backing the purchase, took the 65,678-square-foot Financial District property back from AEW and Neelon in December 2010 when they struggled to fill space and couldn’t make the payments.

"The property is doing alright now, it’s stabilized and probably about 70 percent leased," said the source that asked for anonymity. "They’ve done a lot of work on it. The buyers will likely be local, private investors."

The property is probably worth around $250 a square foot, the source told Banker & Tradesman. When AEW and Neelon bought it, they paid about $345 per square foot.

"It’s downtown so it’s going to be hot," the source said. "This is the strike zone for what people are looking for."