Downtown Office Tower Sells at Discount Again

Boston’s post-pandemic office market is experiencing declines, exemplified by the sale of 265 Franklin Street at a 32% discount for $116 million. The building, mostly occupied by major tenants, was purchased by Synergy and Axonic Capital amid decreasing property values and demand. Real estate firms see these discounted purchases as opportunities to improve and upscale properties for future profitability.

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