Transwestern Investment Co., on behalf of Aslan Realty Partners III, announced the acquisition of a 291,000-square-foot office building in Boston, Mass.

The value of the transaction was not disclosed.

The 11-story asset is located at 40 Broad St., situated between Faneuil Hall Marketplace and Post Office Square Park, in the heart of Boston’s Financial District, and is being acquired from Prudential Real Estate Investors acting on behalf of their investors.

According to Kevin Hites, Transwestern Investment Co. senior vice president of acquisitions, “40 Broad is an excellent fit for our Aslan III fund, given the property’s value-add characteristics, discount to replacement cost, and emerging location adjacent to the soon-to-be-completed Central Artery Project (Big Dig).”

Founded in 1996, Chicago-based Transwestern Investment Co. is a principal investment firm specializing in commercial real estate.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Hear from Realogy, Pacaso, SERHANT., Spotify, Redfin, Douglas Elliman, and 100+ more leaders at ICNY.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription