Blackstone is buying the 179 Lincoln Street office building for about $156m (€140.2m), according to people familiar with the matter.
Invesco Real Estate paid $75m to acquire the asset in 2012 and had since invested an additional $22m into the property on upgrades and tenant improvements. The property has a current occupancy level of 88%.
The listing agent on the sale of the asset is Newmark Group.
According to sources, Blackstone has agreed to buy the 221,000sqft building in a deal expected to close in the near future.
Blackstone declined a request for comment.
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