German firm buys Boston office tower

Broadway Partners said today it has sold a 16-story office tower in Boston's Financial District to a firm representing European institutional investors for $167 million.

The building is 200 State St., said the seller, Broadway Partners, a private real estate investment and management firm headquartered in New York. (Broadway Partners' public relations firm provided the photo that appears above this story.)

The buyer is GLL Real Estate Partners GmbH, a real estate funds management group based in Germany that was acting on behalf of European institutional investors, Broadway Partners said.