Dollars keep coming into Boston’s Class A and B markets. The latest is into the North Station market by Bridgeton for $24.5M. Office Rents in the Class B market are hovering around the $40 mark depending on timing, term and T/I.
A B&T article reports, “New York-based private equity fund Bridgeton Holdings has acquired a hotel and retail building across from the TD Garden for $24.5 million…The five-story, 54,000-square-foot building is located at the corner of Causeway and Friend streets. Ground-floor tenants include Qdoba, North Station Liquors and the Ace Tickets studio used for Celtics pre- and post-game shows on Comcast SportsNet.”
You can read additional information, on B&T, here.