Tishman Speyer Named Buyer of Hub’s One Federal St.
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| One Federal St., Boston |
By Joe Clements
After a brief but spirited competition, the owners of Boston’s One Federal St. have agreed to sell the 38-story office tower to Tishman Speyer Properties for a figure said to be well over the $500 million opening benchmark. Tishman reportedly beat out two other entities to win the designation in a photo finish, according to an industry source, with the trio reportedly all close on financial terms. Finalists winnowed from an opening round established last week included Tishman Speyer Properties, Brookfield Properties Corp. and the Abbey Group of Boston, sources claimed. One source indicated the price will exceed $515 million.
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