160 Federal Street, Boston
Location: Boston, MA
Dates: Acquired in 2000; exited in 2015
Size: 345,200 SF
Acquisition price: 87.5 million USD
Sale price: 125 million USD
In 2000, Taurus acquired 160 Federal Street, a 345,200 square foot, 24 stories office building located the heart of Boston’s financial business district. The property was a sub-optimally managed urban asset in a highly desirable and downtown location with a high vacancy rate in the midst of a tight office market
Through pro-active management, Taurus leased up the property while making significant improvements to the building to make it into a marquee, Class A asset.
The asset weathered the 2008 Financial Crisis and was sold to an institutional buyer in 2015.