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Government Center Office Building Sold for $29M

Jan 28, 2019 | Reprints | Unlock Link | Print

An 80,000-square-foot office building near Boston’s Government Center has sold for $29 million.

Court Square Equity Partners, an affiliate of Woburn-based KS Partners, closed on the acquisition of 15 Court Square from Brickpoint Properties of Stoneham. The price works out to nearly $363 per square foot.

TH Commercial Mortgage provided $27 million in mortgage financing.

Average asking rents for class B office space in the Boston core submarket topped $45 per square foot at the end of 2018, according to Perry Brokerage research.

B&T Daily