News
German Company Buys Fiduciary Trust Building For $139M
Deka Immobilien Investment GmbH, a German investor, acquired the Fiduciary Trust Building, 75 Federal St, for $139M.
DekaBank is the asset management and capital markets arm of Deka Group, a giant securities provider in the Federal Republic. The 227k SF property, which is immediately across from Dewey Square, traded back in '07 as part of Blackstone's $39B acquisition of Equity Office Properties Trust, the Boston Business Journal reports.
Blackstone has been steadily selling off those assets since then. JLL repped Blackstone in this sale. [BBJ]
