Business

Downtown Crossing building is sold for $128m

Courtesy of CBRE’s National Retail Investment Group.

Courtesy of CBRE’s National Retail Investment Group.

The Downtown Crossing building at 350 Washington St. has been sold for $128 million, said a broker involved in the transaction.

The building may be best known for such tenants as T.J. Maxx, Marshalls, H&M, and Town Sports International.

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Real Estate Capital Partners sold the building to Invesco Real Estate Advisors, said the broker involved in the transaction.

The broker is the Boston office of CBRE’s National Retail Investment Group. CBRE said it represented the seller and procured the buyer. CBRE added that it has been retained as the exclusive leasing agent and property manager for the property.

The property was built in 1965 and extensively renovated in 2000, CBRE said.

Chris Reidy can be reached at reidy@globe.com.
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