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REA
February 21, 2018  

Rockpoint Circles Boston Office Condo

Rockpoint Group is poised to acquire a downtown Boston office condominium for about $107 million.The local fund operator was in talks last week to purchase the 193,000-square-foot block of space, at 226 Causeway Street, from Invesco Real Estate of Dallas. The $544/sf expected price would generate an initial annual yield just above 4%. Newmark is representing Invesco.The condo, which includes 15,000 sf of retail space, is 94% occupied. Tenants...


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