C&W's Griffin, Maher, Loeber and Thomas handle $36 million deal

On behalf of 70 Franklin St. LLC, a venture of PREI, Prudential Real Estate Investors and Westport Point Capital, Cushman & Wakefield of Mass. sold 70 Franklin St., a nine-story 87,212 s/f office/retail building in the Financial District. C&W's Capital Markets Group of Robert Griffin, Edward Maher, Marci Griffith Loeber and Elizabeth Carrillo Thomas represented the seller and procured the buyer - an affiliate of Munich, Germany-based GLL Partners. 70 Franklin St. is 78,000 s/f of office space leased to six tenants: Brown Brothers Harriman & Co., Rasky Baerlein Strategic Communications, the Commonwealth of Mass. Legal Division, Advent Software, The Hartford Steam Boiler Inspection & Ins. Co. and Hillstead Partners, as well as 8,000 s/f of retail space leased to Finagle-a-Bagel, Papyrus and Filene Federal Credit Union. "70 Franklin St. is rightfully considered among the elite 'jewel box' buildings in the city, as it is one of five or six buildings that consistently outperforms the market in rents and occupancy," said Griffin, president, New England area, C&W.