RREEF Management Co. has paid $477 million to acquire the 100 Northern Ave. office tower anchored by law firm Goodwin Procter LLP on the South Boston waterfront.

Boston-based Fallon Co. and MassMutual developed the 17-story, 515,000-square-foot building as part of the 3-million-square-foot Fan Pier project spanning 21 acres. Goodwin Procter leased 375,000 square feet on the seventh through 17th floors in 2013 to kickstart the project. Previously its Boston headquarters was at 53 State St.

Northwestern Mutual Life Insurance Co. provided $246 million in mortgage financing. RREEF is an affiliate of Deutsche Asset Management.

Goodwin Office Tower Sold For $447M

by Steve Adams time to read: <1 min
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