News: Front Section
Posted: December 24, 2008
The Grossman Cos.' O'Neill brokers Quincy-Fort Realty Trust's sale
Frank O'Neill, commercial broker with The Grossman Companies, Inc. served as the exclusive agent in the sale of 6 Fort St., a four-story building near the center's business district. The sale price was $1.862 million.
The buyer of the 42,283 s/f brick building is the Asian Community Development Corporation. O'Neill represented the seller, Quincy-Fort Realty Trust.
Asian Community Development Corp. project manager Tim Doherty said, "We are attracted to 6 Fort Street for its transit-oriented location in historic Quincy Center.
The group plans to transform the building into a 34-unit affordable housing complex.
O'Neill said, "It will be a good use for this underutilized property. I'm pleased we were able to match the right buyer with the seller and support development in Quincy."
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