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"high occupancy office block"
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Address:
lincoln street, boston
Type: Commercial
Style: Single Story
Lot Type: Rectangular
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see brochure
CONFIDENTIAL OFFERINGMEMORANDUM
BOSTON, MASSACHUSETTS
TABLE OF CONTENTS
Executive Summary.......................................................................................................... 4
Property Description .............................................................................................. 11
Tenant summary .............................................................................................................. 19
Boston Area Overview ............................................................................................. 27
Boston Market Overview .................................................................................... 39
Lease Summary .................................................................................................................... 51
October 2006
PORTFOLIO SUMMARY
ONE LINCOLNSTREET
Eastdil Secured, on behalf of the owner, is offering a 100% fee
interest in One Lincoln Street (the “Property”), a 1,045,000 square
foot Class A+ office tower located in the Financial District of
Boston. The Property, completed in 2003, is 100% leased on a long-term
basis through 2023 to State Street Corporation (“State Street”;
S&P AA-) as their headquarters. The Property is currently encumbered
by debt; however the owner will deliver the Property free and
clear. One Lincoln Street is being offered to a select group of qualified
investors on an “As Is” basis only.
The Owner is a joint venture between affiliates of American Financial
Realty Trust and IPC US Income REIT, the latter of which has a right
of first refusal with a 7-business day response period. All inquiries
regarding this exceptional asset should be directed to Eastdil Secured,
who has been retained by ownership on an exclusive basis.
3
One Lincoln Street Property Description
LONG-TERM LEASE TO EXTREMELY HIGH-QUALITY, CREDIT TENANT
The entirety of the building, including the office, retail, and garage, are 100% leased |
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