CPT 303 Almaden, an affiliate of AEW Capital Management of Boston, acquired the “Ernst & Young building” at 303 Almaden Blvd. They paid double the price the previous owner paid in 2013, $80.15 million or $509 per square foot, a record for downtown.
The building is 11 stories and Ernst & Young occupies 110,000 of the 157,400 square feet. Four Corners Properties and Rockwood Capital acquired the building from Boston Properties for $40 million in 2013. Boston properties paid $45 million for the building in 2006.
Besides Ernst & Young, tenants include: Anatomage, Voit Real Estate Services and Grace Deli and Café.