148 State Street Update 04/25/17

German investor acquires 64,500 square foot Financial District office building for $41 million


German investment group Harbor Trading USA, Inc., the United States investment vehicle of the Süsskind & Rokeach family of Berlin, has acquired 148 State Street, an 11-story, 64,500 square foot Financial District office building, for $41 million ($636 per square foot). Blue Hills Bank provided $26.65 million of mortgage financing for the acquisition. Colliers International represented the seller, an entity controlled by principals of 148 State Street anchor tenant Private Consulting Group (PCG), in the sale. The seller acquired 148 State Street in February 2000 for $11.18 million ($174 per square foot). PCG has committed to staying at 148 State Street in a long-term lease with the new owners.

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