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Area Property To Sell $366M Boston Office

Area Property Partners is offloading 33 Arch St., in Boston, Massachusetts, to TIAA-CREF.

    Area Property Partnersis offloading 33 Arch St., in Boston, Massachusetts, toTIAA-CREF,GlobeStreports. The seller will get a total of about $365.8 million from the sale.

    The office building, which was officially owned byArea Properties Value Enhancement Fund IVand partnerIvanhoe Cambridge, is 90 percent leased and the key tenants areDigitas,Securities and Exchange CommissionandDLA Piper Rudnick. AreaProperty was represented byEastdil Secured.

    Click here for the story fromGlobeSt.

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