One Lincoln Street—better known as the State Street Financial Center—is still on the market. The building was put on the market nearly 20 months ago by New York-based real estate group Fortis Property for $1.15 Billion.
Brokers believe the reason why the property has failed to sell is likely due to its price. In addition, commercial demand in the Boston area is being met by a multitude of new development projects.
The Boston Business Journal reports that Fortis had a buyer lined up last summer, but the deal fell through for unknown reasons. The company should make a decision soon on how to proceed with the sale.
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