Exchange Place
Update
12/07/18
Exchange Place Trades for $845 Million
The skyscraper at 53 State Street has been acquired in a joint venture between, Beacon Capital Partners, Allianz Real Estate, and the Massachusetts Pension Reserves Investment Management Board (PRIM) for $845 million.
Exchange Place is a modern skyscraper in the Financial District of Boston, Massachusetts. Built in 1985, it is Boston's 13th tallest building, standing 510 feet tall, and containing 40 floors. The modern glass skyscraper rises out of a previous building, the 12-story Boston Stock Exchange, built in 1896.
The 1,121,599 square foot tower is home to The Boston Globe, advertising agency Hill Holliday, marketing agency Optaros, software company Acquia, Hachette Book Group, the Macquarie Group, The Blackstone Group, and Circulation, Inc.
