Area Property Partners is offloading 33 Arch St., in Boston, Massachusetts, to TIAA-CREF, GlobeSt reports. The seller will get a total of about $365.8 million from the sale.
The office building, which was officially owned by Area Properties Value Enhancement Fund IV and partner Ivanhoe Cambridge, is 90 percent leased and the key tenants are Digitas, the Securities and Exchange Commission and DLA Piper Rudnick. AreaProperty was represented by Eastdil Secured.
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