Why cheap Downtown Boston real estate could be good for tenants
The old Barnes & Noble in Downtown Crossing has sat vacant for nearly two decades. Here, it's pictured on March 6, 2006.David L. Ryan/Globe Staff399 Washington was family-owned for decades, until 2017 when Chicago-based LaSalle Investment Management and L3 Capital bought it for $63 million. They then invested millions more into a full suite of upgrades: working bathrooms and elevators, new mechanical and HVAC systems. They stripped off the two-story gray slab that hung over the building’s entrance for years, replacing it with tall expanses of metal and glass windows....



