Boston skyscraper scraps IPO: ETRE REIT postpones $173 million offering

ETRE REIT LLC, a REIT formed to own an interest in State Street's headquarters building in Boston, MA, postponed its IPO on Friday citing poor market conditions.

The New York, NY-based company was founded in 2014 and booked $71 million in sales for the 12 months ended December 31, 2014. Sandler O'Neill, Evercore Partners and Nomura Securities were set to be the joint bookrunners on the deal.