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Verizon Sells Downtown Boston Tower for $192 Million

Venture That Includes Kennedy Associates Lands 185 Franklin Street
By Hansen Padmore
October 3, 2008 | 8:23 P.M.

Verizon Communications closed on the sale of the 600,000-square-foot tower former New England Telephone headquarters building at 185 Franklin St. in downtown Boston to a joint venture that includes investment advisor Kennedy Real Estate Counsel LP for $192 million, or $320 per square foot, according to sources.

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