Boston Properties Inc. announced this week that it had completed the acquisition of 100 Federal Street in Boston, MA for $615 million from an affiliate of Bank of America, N.A. Despite the sale, according to a Boston Business Journal article, the bank's Boston headquarters will remain at 100 Federal. The lender has signed a long-term lease for 787,000 square feet of space.
100 Federal Street is a 37-story, 1,305,000 square foot Class A office tower located in the heart of Boston's Financial District and was reportedly 93% leased at the time of sale. Situated on Federal Street and bounded by Franklin, Congress and Matthews Streets, 100 Federal Street occupies an entire two-acre city block. Designed by Campbell, Aldrich & Nulty, the tower features an expansive window line that affords breathtaking panoramic views of the Financial District, the waterfront and Boston Harbor, the Charles River and the Cambridge skyline.
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