909-davis-img_3068-110629

Massachusetts-based Franklin Street Properties announced today that it has acquired the 909 Davis St. office building in Evanston for $35.1 million.

The six-story building, the newest office building in town, was completed in 2002.

Franklin Street Properties says the structure has about 195,245 rentable square feet and is about 95 percent leased.

The selling price works about to about $180 a square foot, substantially below the $200 per square foot price that had been projected for a deal to sell the building late last year that fell through.

The acquisition brings to 35 the number of properties Franklin Street directly owns.

Bill Smith is the editor and publisher of Evanston Now.

Leave a comment

The goal of our comment policy is to make the comments section a vibrant yet civil space. Treat each other with respect — even the people you disagree with. Whenever possible, provide links to credible documentary evidence to back up your factual claims.

Your email address will not be published.