Apr
27
Chevron Partners Shells Out $24M for Boston’s Sears Crescent Building
ByThe 50,300-square-foot building completed in 1816 was fully leased at the time of sale to 14 tenants.
Sears Crescent Building, Boston
Boston—Newmark Grubb Knight Frank (NGKF) recently announced the sale of the Sears Crescent Building in Boston. The NGKF team, led by U.S. Head of Capital Markets Robert Griffin, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and Managing Director Justin Smith, represented the seller, Copley Investments, in the transaction. The boutique office/retail property was acquired by Chevron Partners for $23.8 million.
Located at 38-68 Cornhill St./100 City Hall Plaza next to Boston City Hall and steps away from the Orange and Blue subway lines, the Sears Crescent Building is listed in the National Register of Historic Places. Sitting at the edge of the Financial District, the six-story office property is close to a plethora of amenities and is highly transit-oriented…
Chevron Partners Shells Out $24M for Boston’s Sears Crescent Building
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