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Credit Suisse Acquires Historic Boston Office Building for $50M
Credit Suisse has acquired Bedford Block, an 86,241-square-foot office building in central Boston for $50.3 million.
The five-story property was built in 1875 in a Venetian Gothic architecture style. Between 1983 and 1984, the property was updated to include 83,741 square feet of office space and 2,500 square feet of retail space. Current tenants at the building include AT&T, The Nature Conservancy and Lavallee Brensinger Architects.
The seller was Plymouth Rock, which had acquired the property in 1995. Additionally, Boston Private Bank & Trust Co. provided Credit Suisse with a $31 million acquisition loan for the property.
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- ◦Sale/Acquisition
