Boston office building at 50 Congress St. sells for $51m, Nordblom Co. says

50 Congress St. Photo courtesy of  Nordblom Co.
50 Congress St. Photo courtesy of Nordblom Co.Credit:

Nordblom Co., a real estate company headquartered in Burlington, said Friday that it has sold the Financial District office building at 50 Congress St. to KBS Capital Advisors for $51 million.

KBS Capital Advisors is an affiliate of KBS Realty Advisors, a private equity real estate company.

The building has nearly 180,000 square feet of space.

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HFF, the real estate services firm, marketed the property and arranged the sale.

“A substantial portion of the sale proceeds will be going to a charitable foundation,” Peter Nordblom, president of the Nordblom Co., said in a statement. “The funding of the foundation is the result of several generations’ efforts and the estate planning by Rodger Nordblom, who wanted the family to continue a legacy of contribution to the community. A professional advisory team will be developing a strategic plan for the foundation to implement this vision.”

Peter Nordblom noted that his family has been affiliated with 50 Congress St. for more than 60 years.

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