News: Front Section
Posted: September 26, 2014
The Wallace Company and Duhallow Real Estate collaborate to sell two development sites in South Boston
The Wallace Company completed the sale of two development sites for $1.8 million. The sites, located at 160 W Broadway and 135 Athens St., comprised of 8,816 s/f and had been used for industrial purposes for the past 25 years, and are located three blocks from the West Broadway "T" stop. JLD Realty Trust plans on demolishing the buildings, and is working with the BRA and neighborhood association to do a high end residential development.
"The revitalization of older properties in South Boston continues unabated, and prices continue to rise," said Mark Wallace, managing partner of the Wallace Co, LLC of Boston who represented the seller.
The buyer was represented by Rob Walsh of Duhallow Real Estate based in Milton.
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