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May 09, 2018  

Brookfield Pitching 75 State Street in Boston

A Brookfield Property partnership is marketing a Boston office tower that’s expected to fetch up to $640 million.The 841,000-square-foot building, at 75 State Street in the Financial District, includes a 700-space garage that generates substantial revenue. At the estimated price, the capitalization rate would be 4.5%. The valuation breaks down to about $600/sf, or $505 million, for the office space and about $135 million for the parking...

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