100 Northern Avenue Update 03/21/17

100 Northern Avenue Class A office building in Seaport District trades for $447 million


RREEF Property Trust, a division of Deutsche Bank of Germany, has acquired the recently opened, 515,000 square foot 100 Northern Avenue Class A office building in the Seaport District from developer The Fallon Company for $447 million. The sale amounts to about $868 per square foot. 100 Northern Avenue was developed for $300 million and opened in July 2016. The building is 75% occupied by lead tenant Goodwin LLP, with Sorelle Bakery & Cafe now open on 100 Northern Avenue's ground floor.

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