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HFF closes $21.7 million sale of 200 Exchange Street in Malden

April 27, 2016

BY  | APRIL 26, 2016

Holliday Fenoglio Fowler, L.P. (HFF) announced that it has closed the $21.686 million sale of 200 Exchange Street, a 314,176-square-foot office building located in the heart of Malden, Massachusetts, immediately across from the MBTA’s Malden Center “T” station.

HFF exclusively represented the seller, an affiliate of KBS Real Estate Investment Trust, Inc., in the transaction, and procured the buyer, Berkeley Investments, Inc.  Gramercy Property Trust, as asset manager, advised KBS on the transaction.

HFF-Malden-sOriginally constructed as an operations center for Bank of Boston, this four-story property features abundant floor loads, oversized windows, robust infrastructure and large, efficient floorplates.  Berkeley Investments has engaged Stantec to devise a significant renovation program that includes improvements to the streetscape and the building’s curb appeal as well as a complete renovation of the interior spaces.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.