Curated News
By: NewsRamp Editorial Staff
March 13, 2025
Boston Realty Advisors Facilitates Sale of Prominent Downtown Boston Property
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- Joint venture purchase of 399 Washington St. by Hudson Group and Assembly Investments brings strategic advantage in vital district.
- Boston Realty Advisors facilitated the sale of the 76,000 sq ft property to a joint venture, showcasing market expertise and unwavering commitment to success.
- Acquisition of 399 Washington St. offers the opportunity to revitalize and restore prominence in downtown, contributing to the future of the vibrant city.
- Evan Papanastasiou's personal connection to the property adds a unique touch, reflecting a deep meaning and excitement for the asset's future.
Impact - Why it Matters
This news highlights the revitalization of a key property in Downtown Boston and the positive momentum in the area. The successful sale demonstrates the potential for growth and development in the city's vital districts, reflecting the commitment to restoring prominence and importance in the Downtown Crossing retail and office market.
Summary
Boston Realty Advisors facilitated the sale of a vacant five-story building at 399 Washington Street in Downtown Boston to a joint venture between Hudson Group and Assembly Investments. The property, purchased for $63 million in 2017, was renovated for $7-10 million in 2021 but remained unoccupied. The sale, completed in an all-cash deal, showcased market expertise and strategic execution by BRA.
Source Statement
This curated news summary relied on this press release disributed by Reportable. Read the source press release here, Boston Realty Advisors Facilitates Sale of Prominent Downtown Boston Property
