News: Front Section

Freudenheim Partners facilitates $5.9 million sale
of 13,000 s/f Bay Village office building

 

 

Boston, MA Freudenheim Partners brokered the sale of 52 Church St., in the city’s Bay Village neighborhood. The 13,000 s/f two-story stand-alone office building was purchased by UNITE HERE Local 26 for $5.9 million ($454 per s/f). Local 26, a union representing workers in the hospitality  industries of Mass. and R.I., plans to occupy and use the building as their local headquarters.

The 52 Church St. location, bordering the Back Bay, offers access to a variety of transportation options providing flexible commuting options.

Leigh Freudenheim and Ellie Cullinan negotiated the purchase of the building on behalf of the seller,  52 Church Street Realty, LLC, and procured the buyer, UNITE HERE Local 26.

“UNITE HERE Local 26 was the perfect user for the building,” said Freudenheim. “The new location for this hospitality focused union will be great for the neighborhood,” said Cullinan. “The location could not be a better fit for the union given all the work they do in the surrounding hotels.” 

“It was great working with FP,” said 52 Church Street Realty, LLC. “Leigh and Ellie were professional,  knowledgeable, and accommodating. They listened to our ideas and needs, and they provided us with various alternatives to facilitate the building sale in a changing market.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary