Tech giant Apple this week bought the Boylston Street building that includes its three-story flagship Boston store for $88 million, according to a deed posted Wednesday. At about $3,500 per square foot, the deal is one of the most expensive of its kind statewide in recent years, Boston Business Journal reported.

Apple purchased the property at 815 Boylston Street in the Back Bay neighborhood for $88 million, the Boston Business Journal reported. The deal works out to more than $3,500 per square foot and represents one of the priciest commercial deals in the state in recent memory.

Apple is making the switch from tenant to landlord of its flagship store in Back Bay, acquiring the glass box-style retail property for $88 million.