Carr Properties acquires 200 State Street offices in Boston

Carr Properties acquires 200 State Street offices in Boston

Published at: 2018-11-05 16:40 | Author: CIJ USA
Carr Properties has acquired 200 State Street in downtown Boston. The price of the deal was not disclosed. The LEED Gold 16-story office building totals 304,000 sq ft. Constructed in 1985, the buyer plans to renovate the building which features nine-foot ceilings and flexible floor plates averaging 20,000 sq ft. The purchase marks the company’s second property in downtown Boston, having completed a joint venture with National Real Estate Advisors and HYM Investment Group to own and develop One Congress, a 1 million sq ft trophy office tower. “We are very excited to have closed on the acquisition of 200 State Street and look forward to continuing to grow our portfolio in Boston as a long-term oriented owner. The building’s quality and exceptional views are entirely consistent with the balance of our portfolio,” said Oliver Carr, CEO of Carr Properties.

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