{"id":1004141351,"date":"2016-04-08T12:28:37","date_gmt":"2016-04-08T20:28:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141351"},"modified":"2020-05-18T23:42:18","modified_gmt":"2020-05-19T07:42:18","slug":"cbre-arranges-sale-of-10-story-office-in-bostons-financial-district","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/","title":{"rendered":"CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District"},"content":{"rendered":"<p><em>By Bogdan Odagescu, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004141352\" style=\"width: 258px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004141352\" data-attachment-id=\"1004141352\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/15broad\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg\" data-orig-size=\"1000,1211\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D800&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1440014122&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;14&quot;,&quot;iso&quot;:&quot;250&quot;,&quot;shutter_speed&quot;:&quot;0.6&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"15 Broad Street, Boston\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;15 Broad Street, Boston&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg?w=846\" class=\"wp-image-1004141352 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad.jpg\" alt=\"15 Broad Street, Boston\" width=\"248\" height=\"300\" \/><\/a><p id=\"caption-attachment-1004141352\" class=\"wp-caption-text\">15 Broad Street, Boston<\/p><\/div>\n<p><strong>Boston<\/strong>\u2014<a href=\"https:\/\/www.cbre.us\/o\/newenglandmarket\/Pages\/home.aspx\" rel=\"nofollow\" target=\"_blank\">CBRE\/New England<\/a> recently announced that its Capital Markets team completed the sale of 15 Broad Street, a 10-story, 73,500-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\">office building<\/a> located in the heart of <a href=\"https:\/\/www.commercialsearch.com\/news\/18-tremont-street-sells-for-77-5m\/\" target=\"_blank\">Boston\u2019s Financial District<\/a>. The property changed hands for $33 million and seller Broder Properties was represented by <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-hired-as-leasing-agent-for-three-building-boston-portfolio\/\" target=\"_blank\">CBRE\/NE<\/a>\u2019s Dave Pergola and Brian Doherty. The CBRE team also procured the buyer, <a href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-asset-management-grows-global-portfolio-with-2-8b-us-mall-buy\/\" target=\"_blank\">Brookfield Property Partners<\/a>, in conjunction with AustralianSuper.<\/p>\n<p>City of Boston records show that the property\u2019s 2016 assessment estimated the asset at little over $15.7 million, less than half of what Broder cashed in for the transaction, revealing once more the level of competitiveness in key <a href=\"https:\/\/www.commercialsearch.com\/news\/boston\/\" target=\"_blank\">Boston submarkets<\/a>.<\/p>\n<p>15 Broad Street was completed in 1910 and, according to <a href=\"https:\/\/www.propertyshark.com\/\" rel=\"nofollow\" target=\"_blank\">Property Shark<\/a>, was acquired by its last owner in 2007 for a price tag of almost $10 million, an amount very close to the $9.6 million assessment for the respective year. The last traceable loan on the asset, a $17 million mortgage secured through Eastern Bank, is dated March 3, 2015.<\/p>\n<p>Close to Faneuil Hall and within easy reach from several metro stations, the property is situated within one of the hottest <a href=\"https:\/\/www.commercialsearch.com\/news\/investment\/\" target=\"_blank\">investment markets<\/a> in the United States. According to The Real Reporter, <a href=\"https:\/\/www.therealreporter.com\/?\/briefs\/2403\" rel=\"nofollow\" target=\"_blank\">15 Broad Street was fully leased<\/a> when it hit the market at the end of 2015.<\/p>\n<p><em>Image courtesy of CBRE\/NE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broder Properties sells 73,500-square-foot office building located in the heart of Boston\u2019s Financial District. <\/p>\n","protected":false},"author":740,"featured_media":1004141352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21743,21742,10,21747],"tags":[],"class_list":["post-1004141351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-deals","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District - 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\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District\" \/>\n<meta property=\"og:description\" content=\"Broder Properties sells 73,500-square-foot office building located in the heart of Boston\u2019s Financial District.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/\" \/>\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=\"2016-04-08T20:28:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T07:42:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1211\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/\",\"name\":\"CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg\",\"datePublished\":\"2016-04-08T20:28:37+00:00\",\"dateModified\":\"2020-05-19T07:42:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg\",\"width\":1000,\"height\":1211,\"caption\":\"15 Broad Street, Boston\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District\"}]},{\"@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\/b496539dc21c086e1deff9b417453162\",\"name\":\"Bogdan Odagescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96\",\"caption\":\"Bogdan Odagescu\"},\"description\":\"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. He has a background in English, literature, translation and cultural journalism, and holds an MA in contemporary literature and culture from Birkbeck College, University of London.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/bogdanodagescu\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/bogdan-odagescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District - 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\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/","og_locale":"en_US","og_type":"article","og_title":"CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District","og_description":"Broder Properties sells 73,500-square-foot office building located in the heart of Boston\u2019s Financial District.","og_url":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-04-08T20:28:37+00:00","article_modified_time":"2020-05-19T07:42:18+00:00","og_image":[{"width":1000,"height":1211,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg","type":"image\/jpeg"}],"author":"Bogdan Odagescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/","url":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/","name":"CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg","datePublished":"2016-04-08T20:28:37+00:00","dateModified":"2020-05-19T07:42:18+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg","width":1000,"height":1211,"caption":"15 Broad Street, Boston"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-10-story-office-in-bostons-financial-district\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CBRE Arranges Sale of 10-Story Office Building in Boston\u2019s Financial District"}]},{"@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\/b496539dc21c086e1deff9b417453162","name":"Bogdan Odagescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","caption":"Bogdan Odagescu"},"description":"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. He has a background in English, literature, translation and cultural journalism, and holds an MA in contemporary literature and culture from Birkbeck College, University of London.","sameAs":["https:\/\/www.linkedin.com\/in\/bogdanodagescu\/"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/bogdan-odagescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/15Broad-e1460034447773.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004141351","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\/740"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004141351"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004141351\/revisions"}],"predecessor-version":[{"id":1004447857,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004141351\/revisions\/1004447857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004141352"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004141351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004141351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004141351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}