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Synergy has acquired 99 High St., a 32-story Class A office tower in Boston’s Financial District, for $227 million from Nuveen. This is roughly $100 million below the property’s evaluation, according to multiple media accounts. This adds to Synergy’s already strong presence in the area, which totals 7 million square feet.

The tower last traded two decades ago, when Nuveen paid $273 million to Walton Street Capital, according to CommercialEdge information.

“Amid a challenging real estate market, the addition of 99 High St. reflects our long-term conviction in Boston’s strength and resilience,” David Greaney, founder & CEO of Synergy, told Commercial Property Executive.