Boston

$400M bid wins foreclosure auction for Boston office tower

There was only one bid for the former State Street Financial Center building

By Greg Ryan • Published March 21, 2025 • Updated on March 21, 2025 at 7:26 pm

WeWork may cut back its lease at One Lincoln St. in the Financial District.

A lending group took back the One Lincoln office tower in downtown Boston on Friday with a $400 million bid at a foreclosure auction.

An affiliate of the merchant bank BDT & MSD Partners made the only bid for the 1.1 million-square-foot, 36-story Lincoln Street building, which was known as State Street Financial Center before State Street Corp. moved its headquarters to a newly constructed Government Center tower in 2023.

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