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Fiduciary Trust Building Acquired by German Investment Firm

The Fiduciary Trust Building, which offers prime Class A office space and is located at 75 Federal Street, was recently acquired by a large German investment firm. Deka Immobilien Investment GmbH, the investor, acquired the property for $139 million, adding yet another high-dollar transaction to the many that have been occurring around the city. The building, which offers more than 227,000 square feet of space, is located across from Dewey Square. It does not appear that the acquisition will affect current tenants.