News: Front Section
Posted: January 16, 2008
Synergy purchases 25,818 s/f 4 Liberty Square from 4 Liberty Square LLC for $8.125 million
Synergy has purchased 4 Liberty Sq. from 4 Liberty Sq. LLC. The 25,818 s/f class B office building was purchased for $8.125 million or $314 per s/f .
"4 Liberty Sq. is an excellent addition to our Boston portfolio. We look forward to capitalizing on the building's superior location and stable tenant base. Most importantly, it enhances our ability to cater to some of the smaller tenants in our portfolio," said Noah Hano, vice president acquisitions, Synergy.
Ernie Barrueta of Barrueta & Associates brokered the transaction.
4 Liberty Sq. is a seven story masonry building constructed in 1900 and renovated in 1988. It consists of 25,818 rentable s/f with a mix of ground floor retail and office suites above. The building is located in the Boston Financial District, and is close to public transportation, restaurants, hotels and retail amenities.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>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.
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 doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in