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.

Advertisement—Continue Reading Below

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.