An institutional client of Invesco Real Estate has set its sights on Boston, picking up a 220,311-square-foot Class A office at at 179 Lincoln St. from Millennium Partners for the price of $75 million.
The five-story building at 179 Lincoln was constructed in the late 19th century and occupies an entire city block overlooking the Rose Fitzgerald Kennedy Greenway. The property is more than 90 percent leased and saw a full renovation in 2008 that gave it a LEED Silver rating.
The Boston Business Journal reported that Millenium paid $25.6 million for the property in 2006. It also said the building had 240,000 square feet of space.