Image courtesy of CBT Architects

The developer behind Newbury Street’s newest addition has sold the property to Spanish investor Azora.

Chicago-based L3 Capital sold 149 Newbury St. for $101 million in a deed recorded at the Suffolk registry Wednesday.

The 43,500-square-foot complex in one of Boston’s premier shopping districts contains 27,000 square feet of office space on its four upper floors and 16,000 square feet of ground-floor retail. Retail tenants include Google and luxury athleisure clothing brand Alo Yoga.

The building is 81 percent leased, Azora said in its announcement. Only the third floor hasn’t been leased and the company said it planned to fill the space with 9,586 square feet of spec office suites that will be leased “ready to move in.”

“We are pleased to have acquired such a high-quality asset, which aligns with the strategy we began to implement in the US in [month] last year. We continue to believe in the value of trophy office assets in major U.S. cities, and 149 Newbury is the perfect example, combining an excellent location, high occupancy by top-tier tenants, and the potential to achieve higher returns by leasing the remaining space through the creation of speculative spaces. We are confident in the potential value generation for this asset in the short to medium term,” Ignacio Gil-Casare, managing partner of Azoran’s U.S. arm, said in a statement.

Azoran’s announcement did not identify who represented the company in the transaction and no mortgage was recorded along with the deed. Suffolk County Registry of Deeds records also show the LLC the company used to buy 149 Newbury also purchased 801 Boylston St. nearby for $39.1 million in May.

L3 Capital built 149 Newbury on the site of the neighborhood’s last unbuilt parcel. It acquired the land – then a parking lot – for $40 million in 2019. The project was permitted in May 2021 and financed with a $56 million joint loan from Needham Bank and Bank of New England in February 2022.