Exchange Place Could Sell For $800M
The new home of the Boston Globe is likely hitting the market with a hefty price tag.
UBS Realty Advisors intends to sell Exchange Place in downtown Boston, and the price could reach $800M, the Boston Business Journal reports. UBS bought the 40-story tower at 53 State St. for $610M in 2011 from Brookfield Properties.
While Exchange Place lost law firm Goodwin, a longtime tenant, to the Seaport in 2016, it has since welcomed the Boston Globe and Dataxu. Law firm Nixon Peabody has signed a lease for 105K SF at Exchange Place and is expected to move in by the time its lease at 100 Summer St. expires at the end of January.