Boston Real Estate for Sale

Quick post about a commercial building transaction that just took place down in the Fort Point Channel neighborhood:

Brickman Associates has nabbed 51 Sleeper St. from the Mayo Group for $45 million in an off-market transaction.

Why is this worthy of note?

Mayo Group bought the property for $16 million … just two years ago! (That translates out to buying it for $100 per square foot and selling it for $300 per square foot.)

The office space market in Boston is on fire.

As is the Fort Point Channel district.

Source: Brickman to buy Sleeper Street building – By Michelle Hillman, The Boston Business Journal

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Updated:  1st Q 2018

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