Renovated Boston building sold

Cost per square foot tops $336

Inman News®

The Carlyle Group recently sold a 110,005-square-foot office property in downtown Boston, Mass., for $37 million.

The property at 40 Court St. is a multitenant building in the city's financial district, purchased by Brickman Associates.

The building was 84 percent leased at the time of sale and was recently renovated at a cost of $2.5 million, which included the renewal and redecoration of its lobby. The Oceanaire Seafood Room, a high-end restaurant with 14 locations around the United States, is scheduled to open for business on the street level of 40 Court St. this fall.

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