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Independencia Asset Management JV buys Boston property for $69M

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Independencia Asset Management JV buys Boston property for $69M

A partnership of Independencia Asset Management LLC and Synergy Investments paid $69.2 million to acquire a mixed-use building in downtown Boston, Commercial Property Executive reported.

A joint venture between Clarion Partners LLC and Synergy sold the building, which was the former headquarters of the Boston Stock Exchange.

The nine-story class B property at 100 Franklin St. offers 123,950 square feet of office and retail space and is 95% leased to 25 tenants, the report noted.