A joint venture of Allianz Real Estate, the Massachusetts Pension Reserves Investment Management (PRIM) Board and Beacon Capital Partners announced the acquisition of 53 State Street, a class A office property located in Boston’s Financial District.
The stunning 1.24 million-square-foot property, also known as Exchange Place, seamlessly integrates the historic Boston Stock Exchange Building that was completed in 1891 and the 40-story modern glass office tower built in 1985. The property includes a seven-story, glass-enclosed atrium, an outdoor arcade with seating areas along Congress Street, and tenant-dedicated amenities. The building boasts high operational efficiency and has achieved platinum-level certification from LEED Dynamic Plaque, which measures building performance across five categories. At present, the building is 93 percent leased and has enjoyed exceptional leasing activity that has led to new and high-end tenant buildouts.
“Allianz recognizes this
