GLL sells 70 Franklin St in Boston

70 Franklin Street in Boston, Massachusetts has been purchased by Deka for $42.1 million. Encompassing a total of 85,977 sqf, the building is presently 91 percent leased to an eight-tenant roster anchored by TIAA-CREF along with ground-floor retailers Jos. A. Bank and Papyrus. NGKF Capital Markets oversaw the transaction of the urban mixed-use building on behalf of the seller, GLL Real Estate Partners. “70 Franklin’s timeless architecture combines with its flexible floor plates, open office layouts and modern building systems to create one of Boston’s premier Class B buildings,” said Edward Maher, V.P. NGKF Capital Markets. “As a result, the asset boasts exceptional leasing momentum with tangible upside potential in Boston’s booming Downtown district.”