Apr
27
North Boston Office Asset Commands $22M
ByThe new owner plans to turn the four-story building at 200 Exchange St. into a mixed-use facility featuring retail, a data center, and almost 200,000 square feet of creative office space.
200 Exchange St., Malden, Mass.
Boston—HFF recently closed the sale of 200 Exchange St., a 314,176-square-foot office property in Malden, Mass. The four-story asset traded for approximately $21.7 million.
An HFF team led by Senior Managing Director Coleman Benedict, Managing Director Chris Phaneuf and directors Ben Sayles and Mark Campbell represented the seller, KBS Real Estate Investment Trust, while also procuring the buyer, Berkeley Investments. Asset manager Gramercy Property Trustacted as advisor for KBS…
