It’s gonna cost you, though.

One Lincoln is on the market, once again.

From today’s GlobeSt.com:

One of Boston’s newest office towers is going on the sales block–again. Since its completion in 2003, the 36-story, one-million-sf structure has changed hands multiple times, and in each instance at record highs for New England on a square footage basis.

The property was built by John Hynes’ Gale Company, completed in 1999. The company sold it in 2004 (after State Street Co. signed on as anchor tenant), for $705 million, who, in turn, sold it to Fortis Company, in 2006, for $889 million.

The expected list price is $900 million, although word on the street is that bidding may hit the $1 billion mark.

Why would you sell a building for such a small profit?

I don’t know, but then again, I’m not a commercial real estate broker.

One Lincoln St. Sale Seen Topping $900M – By Joe Clements, GlobeSt.com

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Updated: 1st Quarter 2018

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