News: Front Section
Posted: May 13, 2022
Commonwealth Commercial Advisors brokers $14 million downtown Boston sale
Boston, MA On behalf of their client, Hemisphere Development Group, Commonwealth Commercial Advisors has negotiated the sale of 13-15 & 19-21 Congress St., a 54,500 s/f urban-core asset located in the Financial District. Harbinger Development LLC, one of the city’s most prominent hotel developers, acquired the asset with plans to redevelop it.
The property, once owned and occupied by Fidelity Investments, is located within walking distance of Post Office Sq., Faneuil Hall Market and Boston Harbor.
“The property drew considerable interest from several different developers and investors. The site has tremendous potential, and it is going to be very exciting to see the redevelopment of this property,” said vice president Tom Robinson of Commonwealth Commercial Advisors.
In December Commonwealth Commercial Advisors also represented Hemisphere Development in the sale of 27-29 Stuart St., a 10,500 s/f property in the Theater District.
Stefan Frey, principal and Robinson, represented Hemisphere.
Chris McMahon, managing director at Boston Realty Advisors represented the buyer, Harbinger Development LLC.
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Columns and Thought Leadership
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>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
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