It’ll take a lot to get the Penobscot Building owner to sell.
To be clear, whether a building owner is marketing it or not, everything is always for sale — for the right price, that is.
Everyone has a number.
It just so happens that the skyscraper’s owner’s number is nine digits.
Toronto-based Triple Properties Inc., which paid around $5 million cash for the 47-story skyscraper at 645 Griswold St. in 2012, turned down a $70 million offer in 2019 and made clear that they would not take less than $100 million, or about $100 a square foot, I’m told.
I’ve not been able to determine who took a run at it two years ago.
“We don’t comment on rumors and speculation in the marketplace,” Steve Apostolopoulos, managing member of Triple Properties, told me this morning. He stressed that the building is not on the market.
Regardless, that’s a big ROI for the iconic 1 million-square-foot building…
