Synergy Investments, the Boston-based real estate investment company, has sold 100 Franklin Street in downtown Boston to Clarion Partners for $48.75 million, or roughly $394/sf, according to a Suffolk County deed. The property previously traded hands in July 2004 when SSR Realty Advisors sold the building to Oasis Development of Lynn for $19.5 million, which then sold it to Synergy in 2008 for $33.5 million. Terms of the deal and representation were not disclosed. According to a Commercial Real Estate Direct report, the company has lined up a $24.6 million loan from TD Bank against the property.
100 Franklin Street was constructed in 1908 and originally served as the headquarters for the Boston Safe Deposit and Trust Co. The nine-story, 117,630 square foot building was renovated for the now-defunct Boston Stock Exchange in 1998. The building is within walking distance to Post Office Square, the Langham Hotel Boston and Faneuil Hall Marketplace. The seller, Synergy Investments, occupies 9,034-square-feet in the building, which is now anchored by Webster Bank.
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