A 64,357-square-foot jewel box office building in Boston’s Financial District recently sold to URDANG, the real estate investment specialist for BNY Mellon Investment Management.
Public records show the property sold for $17.56 million.
Jones Lang LaSalle closed the sale and debt financing of the property. Investors Warranty of America Inc., an affiliate of AEGON USA Realty Advisors, LLC, a commercial real estate investment and management arm of the AEGON Asset Management companies, was the seller.
Managing Directors Frank Petz and Jessica Hughes, as well as Courtney O’Neal and Matt Sherry, led the Jones Lang LaSalle team on this transaction. Debt financing was arranged by Senior Vice President Jonathan Schneider.
The 11-story office building was originally built in 1913 and was substantially renovated in 1996 and 1997. The building is currently 81 percent occupied with nine tenants. Two Liberty Square has signed 40,406 square feet of new leases in the past 16 months.
