FoxRock Properties Purchases 176 Federal St Boston For $43.5M With Newmark As Seller's Rep

FoxRock Properties has acquired a Class A office building located at 176 Federal St in Boston, MA. The property spans 76,698 square feet and was sold for $43.5 million. The building, originally constructed in 1901 and renovated in 1986, was 80 percent leased at the time of sale. The largest tenants include the law firm Rich May and the financial advisory group Capstone Partners, occupying approximately 20,000 and 11,000 square feet, respectively.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $43,500,000.00
• Address: 176 Federal St, Boston, MA, 02110
• Square Footage: 76,698
• Market: Boston
• Seller's Representation: Matthew (Matt) Pullen, Edward Maher - Newmark
• Buyer: FoxRock Properties

The seller, Federal Street 176 Holdings Inc., was represented in the transaction by Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell, all from Newmark. This team played a crucial role in facilitating the deal within the Boston commercial real estate market.