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Boston's Faneuil Hall Marketplace Up For Sale

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Dec 19, 2008 9:52 am US/Eastern

Boston's Faneuil Hall Marketplace Up For Sale

Click to enlarge 1 of 1: file photo of faneuil hall, boston
AP

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One of Boston's most popular tourist destinations is on the block.

General Growth Properties Inc., the Chicago-based operator of Faneuil Hall Marketplace, has confirmed it is seeking a buyer for the downtown shopping area as part of a plan to pay off debt.

New York brokerage DTZ Rockwood LLC said it has been retained to market GGP's Festival Marketplace portfolio, which includes the Boston mall, Baltimore's Harborplace & The Gallery and New York's South Street Seaport.

Faneuil Hall Marketplace, which consists of three large buildings adjacent to historic Faneuil Hall, has been a gathering spot in Boston for more than 250 years and currently includes nearly 200,000 square feet of retail space.

General Growth leased the buildings from the city in 2004.