Credit: The Real Reporter

50 Post Office Square is coming to market and could reap $300 million.  The building last traded for $192 million ($245.43/SF) on 9/29/08.  The new sales number would put this at $383.48/SF.  The current ownership has done a remarkable job not only repositioning the asset, but leasing it up as well.  Of the 782,304 total square feet there is only 118,500 square feet available on the 5th and 6th floors.

From the Real Reporter:

Besides the current investment climate that has Boston among the most popular destinations for institutional and foreign capital, observers claim the move is likely a combination of the natural life cycle of the landlord’s tenure in the property that began in Oct. 2008 when the 600,000-sf structure was acquired for $192 million with partner Commonwealth Ventures. “They figure this is the right time to do it,” says the source who praises Bentall and CV for repositioning an Art Deco building dating to 1948 that was badly in need of an overhaul when the asset previously known as 185 Franklin St. was offered up for sale by Verizon.