For $513.49 PSF Synergy Investments has sold 51 Melcher Street to Zurich North America. The building went through a complete renovation and was delivered fully leased to WeWork, Life is Good, and NetSuite.
According to Banker & Tradesman, “Synergy spent millions of dollars repositioning the building in the market, including base building renovations, a new main entrance and lobby, HVAC systems, new and restored windows and new roof, restrooms, plumbing, electrical service and elevators.”
Pricing with the Seaport Class B Market now is running in the upper $30’s to low $40’s PSF.
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