BY BOSTON REAL ESTATE TIMES | APRIL 26, 2016
Holliday Fenoglio Fowler, L.P. (HFF) announced that it has closed the $21.686 million sale of 200 Exchange Street, a 314,176-square-foot office building located in the heart of Malden, Massachusetts, immediately across from the MBTA’s Malden Center “T” station.
HFF exclusively represented the seller, an affiliate of KBS Real Estate Investment Trust, Inc., in the transaction, and procured the buyer, Berkeley Investments, Inc. Gramercy Property Trust, as asset manager, advised KBS on the transaction.
Originally constructed as an operations center for Bank of Boston, this four-story property features abundant floor loads, oversized windows, robust infrastructure and large, efficient floorplates. Berkeley Investments has engaged Stantec to devise a significant renovation program that includes improvements to the streetscape and the building’s curb appeal as well as a complete renovation of the interior spaces.