The property located at 148 State St in Boston, MA, 02109 recently sold for $41,000,000. The 64,500-square-foot, 11-story Class B office building last traded in 2000 for $18.7 million. It is fully occupied through December 2026, housing tenants Public Consulting Group Inc. and The Ginger Man. The asset boasts a new lobby, refurbished elevators, and an upgraded HVAC system, with easy access to Boston's key points via nearby MBTA stations.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $41,000,000.00
• Market: Boston
• Seller's Rep: Timothy (Tim) Mulhall (CBRE)
• Buyer: Joint venture affiliated with Harbor Trading USA
• Buyer's Investors: Süsskind & Rokeach
• Financing: $26.7 million, 10-year fixed-rate loan from Blue Hills Bank
• Loan: Secured by $11 million loan from Citizens Bank

The sale of the property was represented by Colliers International, with Doug Jacoby, Scott Dragos, Tony Hayes, Tim Mulhall, and Dan Hines acting for the seller, Public Consulting Group Inc. The buyer, a joint venture tied to Harbor Trading USA, is the investment branch of German private investors Süsskind & Rokeach. The financing for the transaction was brokered by Collier’s Jeff Black, senior vice president.