B
oston's One Lincoln Street, a 36-story office building, is set to be sold at a foreclosure auction next month. The tower's owner, Fortis Property Group, has struggled since State Street Corp., the building's former namesake, left in September 2023. Despite a promising start in 2022 with HarbourVest Partners signing a large lease and securing $1 billion in refinancing, Fortis failed to attract another major tenant to fill out the 1.1-million-square-foot property.

    WeWork, the largest occupant after State Street's departure, also contributed to the building's decline by filing for bankruptcy and reducing its space from nine floors to three last year. As a result, New York-based Fortis is now poised to lose ownership of the building in an auction scheduled for March 20.