BOSTON — Boston Realty Advisors has brokered the sale of an office building located at 311 Summer St. in Boston’s Fort Point neighborhood. Qatar-based Alduwaliya acquired the property for $38.5 million, or $673 per square foot. The seven-story, 57,225-square-foot brick-and-beam building was 100 percent leased at the time of sale. Jason Weissman, Nick Herz and Michael […]
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BOSTON– Boston Realty Advisors announced that it has closed the sale of 311 Summer Street, an iconic brick-and-beam office building in Boston’s Fort Point neighborhood. The sale price of $38,500,000 equates to $673 per square foot. Qatar-based investor, Alduwaliya purchased the core asset from 311 Summer St, LCC in an all-cash transaction. Jason Weissman, Nick […]
Read MoreBOSTON— The last buyer of 311 Summer St. was across the river in Cambridge, but an investor from a much farther distance—and at a considerably higher price—is acquiring the warehouse-turned-office building in a trade deemed Wednesday by one source to be “imminent,” the result of a global search conducted by Boston Realty Advisors. The newest […]
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BRAINTREE, MA. – Jumbo Capital continues to pursue CRE opportunities in its back yard, and one recent addition reflects a regional preference and growing desire to pursue stabilized opportunities, with the Quincy firm landing the Massachusetts State Lottery headquarters at 60 Columbian St. in a $10.2 million purchase negotiated by Boston Realty Advisors via Managing Director […]
Read MoreThe North Shore is on Fire, but For How Long? Since 2012, the average growth for two-plus multi-family buildings on a price per square foot basis in Salem was 10%, Saugus 11%, Revere 13% and Lynn 15%. Compared to Boston’s average multi-family growth rate of 6% between all sub-markets, the North Shore has distinguished itself […]
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