TIAA-CREF Pays Record-Setting Price for Sleeper Street Property in Seaport

Source:  Business Journals

TIAA-CREF has acquired 51 Sleeper St. in Boston's Seaport for $60.2 million, setting a record sale price for the city's burgeoning Innovation District of roughly $400 per square foot. The seller was DivcoWest, a commercial real estate firm based in San Francisco. New York-based TIAA-CREF, a financial services and retirement planning giant with $542 billion in assets under management, closed on the 150,363-square-foot building today, according to county records. Major tenants include United Way,…

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