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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]