News: Front Section

Ligotti, Redeker and McGranaghan of Boston City Group, Inc. sell 17,694 s/f building at 7-9 Hamilton Place for $7.9 million

Boston, MA 7-9 Hamilton Place, a 17,694 s/f office building located off of Tremont St., across from Park St. MBTA Station and one door down from the historic Orpheum Theater, was sold on May 6, for $7.9 million.

Boston City Group, Inc.’s Caroline Ligotti, Linda Redeker and Emily McGranaghan worked with the seller and procured the buyer to complete the off-market transaction.

Hamilton Place is a four-story building with a sandstone and brick façade and copper accents, diverse exposed brick interiors, bay windows and two entrances, sitting on an approximately 4,800 s/f lot. At the epicenter of one of city’s most active Downtown neighborhoods, the building is surrounded by thousands of businesses, stores, ultra-luxury housing units, universities, theaters and the Boston Common, all within in a .25-mile radius. The building has easy access to multiple MBTA subway stations which are within 1-2 blocks.

Boston City Assessor’s records date Hamilton Place’s construction to 1899 but it likely pre-dates to the mid-1800’s. This era saw the construction of neighboring Boston Music Hall (now the Orpheum) one door down, the first home of the Boston Symphony Orchestra.

Boston City Group specializes in sourcing and brokering commercial and multi-family investments, and urban development opportunities throughout Greater Boston and the New England, New York and Washington DC metro areas. Prior to the sale of Hamilton Place, their most recent transaction was the sale of Everett Mill in Lawrence, MA for $7.05 million.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.