News: Front Section
Posted: April 15, 2009
Joymark Realty Trust acquires 276-279 Newbury St. for $9.65 million from The Mt. Vernon Co.
Joymark Realty Trust has acquired two adjacent properties on Newbury St. in the city's Back Bay from The Mount Vernon Co.
The retail/office building at 276 Newbury sold for $5.9 million. The four-story property totals 5,467 s/f and has street level retail space. The 10-unit multifamily property at 278 Newbury traded for $3.75 million. That property totals 4,912 s/f.
Both buildings sold vacant. Joymark plans to knock down the adjoining walls and combine the properties to use as a corporate office. Both parties were self-represented in the deal.
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