101 Tremont Update 09/09/16

German investment fund acquiring 101 Tremont, renovated Downtown Crossing office building, for over $50 million


The Real Reporter reports that German investment fund GLL will acquire 101 Tremont, an 11-story, 77,250 square foot office building located in Downtown Crossing, for a price that could exceed $50 million. 101 Tremont recently underwent a thorough renovation which upgraded all interior spaces and restored the building's exterior. 101 Tremont last sold in November 2013 for $9.7 million to the seller, a joint venture of Alcion Ventures, National Development affiliate Charles River Realty Investors and Paradigm Properties. 101 Tremont is conveniently located in the heart of Downtown Boston next to Suffolk University Law School steps to all four MBTA rapid transit lines and multiple buses. Additional information about 101 Tremont can be found above.

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