{"id":1004035783,"date":"2012-01-13T06:10:12","date_gmt":"2012-01-13T14:10:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035783"},"modified":"2022-12-03T19:51:19","modified_gmt":"2022-12-04T03:51:19","slug":"invesco-takes-220-ksf-boston-office-tower-for-75m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/","title":{"rendered":"Invesco Takes 220 KSF Boston Office Tower for $75M"},"content":{"rendered":"

January 13, 2012<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n\"\"<\/a><\/p>\n

After a busy December that saw the firm sell the 30-story 10 Exchange Place in Jersey City for $285 million<\/a> and partner on the purchase of Dallas\u2019 1.2 million-square-foot Plaza of the Americas,<\/a> Invesco Real Estate has made another marquee pickup. This time, an institutional client of the company has set its sights on Boston \u2013 specifically on the 220,311-square-foot Class A office located at 179 Lincoln St.<\/p>\n

CBRE Group Inc. both represented the seller, Millennium Partners, as well as procured the buyer. The sale price was reported to be $75 million.<\/p>\n

Calling the building \u201can institutional-quality asset,\u201d Chris Angelone, an executive vice president with CBRE, said that the building \u201cwill continue to take advantage of its unique appeal to a broad array of users.<\/p>\n

According to a fourth-quarter 2011 report by services firm Jones Lang LaSalle, the Boston economy tended to outperform the nation\u2019s average, but gains were not seen evenly. Overall, however, the city boasts a 6.6 percent unemployment rate, well below the national average. \u201cBoston sales transaction activity continues at a healthy pace,\u201d the report noted, \u201cwith trophy CBD assets trading at high price points indicating ongoing appetite from well-capitalized institutional investors.\u201d<\/p>\n

179 Lincoln was originally constructed in the late 19th century and occupies an entire city block overlooking the Rose Fitzgerald Kennedy Greenway. The property is more than 90 percent leased and saw a full renovation in 2008 that gave it a LEED Silver rating.<\/p>\n

Boston is expected to continue to outperform the country in the upcoming year, according to JLL.<\/p>\n","protected":false},"excerpt":{"rendered":"

An institutional client of Invesco Real Estate has set its sights on Boston, picking up a 220,311-square-foot Class A office property from Millennium Partners for the price of $75 million. <\/p>\n","protected":false},"author":1201,"featured_media":1004038519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,21742,10,21747],"tags":[],"class_list":["post-1004035783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"\nInvesco Takes 220 KSF Boston Office Tower for $75M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invesco Takes 220 KSF Boston Office Tower for $75M\" \/>\n<meta property=\"og:description\" content=\"An institutional client of Invesco Real Estate has set its sights on Boston, picking up a 220,311-square-foot Class A office property from Millennium Partners for the price of $75 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-13T14:10:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T03:51:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/011312-179-Lincoln-Boston.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"361\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Invesco Takes 220 KSF Boston Office Tower for $75M\",\"datePublished\":\"2012-01-13T14:10:12+00:00\",\"dateModified\":\"2022-12-04T03:51:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/\"},\"wordCount\":259,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/011312-179-Lincoln-Boston.jpg\",\"articleSection\":[\"Corporate Real Estate\",\"Featured\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/\",\"name\":\"Invesco Takes 220 KSF Boston Office Tower for $75M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/011312-179-Lincoln-Boston.jpg\",\"datePublished\":\"2012-01-13T14:10:12+00:00\",\"dateModified\":\"2022-12-04T03:51:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/011312-179-Lincoln-Boston.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/011312-179-Lincoln-Boston.jpg\",\"width\":\"550\",\"height\":\"361\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/invesco-takes-220-ksf-boston-office-tower-for-75m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Invesco Takes 220 KSF Boston Office Tower for $75M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\",\"name\":\"Nicholas Ziegler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"caption\":\"Nicholas Ziegler\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/nicholasziegler\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Invesco Takes 220 KSF Boston Office Tower for $75M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/","og_locale":"en_US","og_type":"article","og_title":"Invesco Takes 220 KSF Boston Office Tower for $75M","og_description":"An institutional client of Invesco Real Estate has set its sights on Boston, picking up a 220,311-square-foot Class A office property from Millennium Partners for the price of $75 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-01-13T14:10:12+00:00","article_modified_time":"2022-12-04T03:51:19+00:00","og_image":[{"width":550,"height":361,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/011312-179-Lincoln-Boston.jpg","type":"image\/jpeg"}],"author":"Nicholas Ziegler","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/"},"author":{"name":"Nicholas Ziegler","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c"},"headline":"Invesco Takes 220 KSF Boston Office Tower for $75M","datePublished":"2012-01-13T14:10:12+00:00","dateModified":"2022-12-04T03:51:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/"},"wordCount":259,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/011312-179-Lincoln-Boston.jpg","articleSection":["Corporate Real Estate","Featured","News","Northeast","Office"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/","url":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/","name":"Invesco Takes 220 KSF Boston Office Tower for $75M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/011312-179-Lincoln-Boston.jpg","datePublished":"2012-01-13T14:10:12+00:00","dateModified":"2022-12-04T03:51:19+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/011312-179-Lincoln-Boston.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/011312-179-Lincoln-Boston.jpg","width":"550","height":"361"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/invesco-takes-220-ksf-boston-office-tower-for-75m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Invesco Takes 220 KSF Boston Office Tower for $75M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c","name":"Nicholas Ziegler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","caption":"Nicholas Ziegler"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/nicholasziegler\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/011312-179-Lincoln-Boston.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1201"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004035783"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035783\/revisions"}],"predecessor-version":[{"id":1004616269,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004035783\/revisions\/1004616269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004038519"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004035783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004035783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004035783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}