INDUSTRY Superannuation Property Trust has made $16.75 million from the sale of a prominent office building in Melbourne's inner eastern suburb of Richmond.

The building at Lot 1, 658 Church Street sits on a 7,064 square metre site, and was sold with a permit for a 20,000 square metre office.

The office was purchased by a consortium headed by Bill Boerkamp, according to today's AFR.