One Lincoln is a landmark tower in the Boston skyline with 1.1 million square feet of commercial office space. Gale  acquired the control of the project in 1999 with an equity partner from a developer who encountered financial difficulties. Securing Morgan Stanley Real Estate Funds and The State Teachers Retirement System of Ohio as equity partners and GMAC Mortgage Company as its construction lender, the tower was completed in June 2003 at a cost of US $350 million. One Lincoln sold just one year later to American Federal Realty Trust for a record price of $705 million ($688 per sq ft), making it the most valuable commercial real estate deal in the history of Boston at the time.