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November 7, 2006

At Deadline: AFR Inks $880M+ Deal for Boston Tower

By Michelle Napoli

American Financial Realty Trust plans to sell State Street Financial Center, a 1.05 million-sf downtown Boston office tower occupied by State Street Corp. under a modified gross lease, for more than $880 million. That price, says a spokesperson for the Jenkintown, PA-based REIT, represents the total value of the building, although AFR only owns a 70% interest.


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