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Five Tower Bridge Enters as a New Trophy in the Office Market

Five Tower Bridge is back on the market merry-go-round for $73 million, after being bought in 2011 by MIM-Hayden Real Estate Fund I.

This eight-story, 223,736 s.f. suburban office space is one of the best. The price is expected to fetch a record $375 per s.f. (exceeding the current record of $360 per square foot) , and the buyer profile is likely some sort of institutional investor, looking for well-located trophy properties that already have long-term leases locked up to credit tenants.

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· Another trophy office building comes on the market [PBJ]