Curated News
By: NewsRamp Editorial Staff
April 01, 2025
Boston Realty Advisors Represents Core Investments in $15.9M Sale of 416 West Broadway in South Boston
TLDR
- Core Investments, Inc. sold 416 West Broadway for $15.9 million, showing significant profit in a depressed market.
- Built in 1910, the fully renovated 25,835-square-foot building has multiple tenants including Ethos, Caffe Nero, and Verizon.
- The sale of 416 West Broadway revitalizes South Boston's retail corridor, benefiting both the seller and buyer in a transaction.
- 416 West Broadway's history dates back to the late 19th century, transitioning from a residential building to a bustling commercial property.
Impact - Why it Matters
This news highlights a significant real estate transaction in Boston, showcasing the demand for prime commercial properties in the area. The sale of 416 West Broadway at a substantial markup demonstrates the resilience of certain segments of the real estate market despite overall economic challenges. It also underscores the importance of strategic location and quality assets in attracting buyers in competitive markets.
Summary
Boston Realty Advisors represented Core Investments, Inc. in the sale of 416 West Broadway in South Boston for $15.9 million to Egeria Real Estate Investments. The property, a three-story building with multiple tenants, was sold for considerably more than its previous purchase price. The deal was brokered by Boston Realty Advisors, who praised the property's quality and prime retail location.
Source Statement
This curated news summary relied on this press release disributed by Reportable. Read the source press release here, Boston Realty Advisors Represents Core Investments in $15.9M Sale of 416 West Broadway in South Boston
