Credit: Boston Globe
The Boston commercial real estate market continues northward with no signs of letting up. 222 Berkeley Street and 500 Boylston Street are set move in a record trade at over $1,150 per square foot.
From the Boston Globe:
The buildings total about 1.3 million square feet in size. A sale for $1.5 billion would put the price at nearly $1,150 per square foot, far higher than the selling prices of other commercial properties in Boston’s key business districts, which rarely top $700 per square foot…The Back Bay buildings are owned by a Blackstone subsidiary, Equity Office Properties, and share an underground parking garage. They are near the Public Garden, the Orange Line and commuter rail trains at Back Bay Station, and dozens of high-end retail shops.
Photo Credit: Thomas Grillo, Real Estate Editor, Boston Business Journal.
The bear has moved to the entrance of the Floating Hospital for Children, at Tufts Medical Center in Boston. The silver of Shreve, Crump & Low has found a new address at 39 Newbury Street. Now, bring on Bank of America at the corner of Berkeley and Boylston Streets.
Thomas Grillo, of the Boston Business Journal, reports that “the bank will occupy about 8,500 square feet on two floors at 440 Boylston St. at the Berkeley Street intersection, one of the most visible locations in the Back Bay, said people familiar with the transaction.
Click here to read the full report on the modifications at 440 Boylston St.
Related Property Listings:
Back Back Commercial Real Estate