 |
The Sudbury,located at 100 Sudbury Street
in the heart of Bulfinch Crossing in Boston, MA |
BOSTON, Feb. 29, 2024 – JLL Capital Markets announced today that it has brokered
the closing of the partial
sale of The Sudbury, a LEED Gold, 36-story, multi-housing community
located in the heart of Bulfinch Crossing in Boston, Massachusetts, on behalf
of National Real Estate Advisors, LLC (“National”).
 |
Martha Nay
|
The Sudbury sits at the heart of the larger Bulfinch Crossing
development, home to the former Government Center garage and adjacent to the
Class A office tower, One Congress.
 |
Kellie Coveney
|
JLL
represented the owner, National and The HYM Investment Group, and
procured the equity partner, Carmel Partners.
The price was not disclosed.
The JLL Capital Markets Investment Sales Advisory team
was led by Executive Managing Director Riaz Cassum, Senior Managing
Director Roberto Casas, Managing Director Martha Nay, Director Kellie
Coveney, Associate Madeline Joyce and Analyst Ari Bogen.
 |
Madeline Joyce
|
Nay
stated, “National and HYM are to be commended for
their incredible vision for what is now Bulfinch Crossing. The Sudbury was at
the forefront of the market in terms of delivering unmatched quality and
best-in-class amenities.
 |
| Ari Bogen. |
"This new partnership with Carmel
Partners is bringing together top-tier owner/operators who will bring fresh
energy and perspective to the property, allowing it to continue thriving into
the future.”
Built in 2020, The Sudbury embodies luxury
living in downtown Boston with over four floors of amenities and unprecedented
views.
The Sudbury features studio, one-, two-
and three-bedroom units with open layouts, wood-style flooring, quartz
countertops and stainless-steel appliances.
Community amenities include a
resort-inspired pool, a golf simulator, a sky terrace, a private dining space,
a state-of-the-art fitness center, a club room, a dog spa, a children’s
playroom, private working spaces and conference rooms.
 |
Roberto Casas
|
The property offers spacious units with
an average size of 855 square feet and intentional views throughout. The
property also includes 55 condominiums,
The Sudbury Residences, located at 110
Sudbury Street, which are not included in this transaction.
The
Sudbury is located at 100 Sudbury Street in the heart of Bulfinch
Crossing and at the intersection of Boston’s Financial District, Faneuil Hall
Market District, the Rose Fitzgerald Kennedy Greenway, North End, West End, and
Beacon Hill.
Tenants benefit from the numerous
neighborhood amenities, including the Hub on Causeway development, the North
End’s restaurant district, the Boston Harborwalk, the Charles River Park
System, Boston Common, and the Boston Public Market.
In addition, the community is walkable
to four MBTA subway stops, South Station, North Station, and 10 bus lines at
Haymarket Station.
 |
Riaz Cassum
|
It is also a short drive to Logan
Airport and offers direct highway access to I-93 and Mass Pike. Ownership is
well poised to benefit from the rising tide of development around the asset.
Lee
Bloch, Carmel’s Partner, East Coast Development,
stated, “Carmel is excited to expand its presence in the Boston market through
its investment in one of the premier residential properties in the financial
district, and looks forward to working closely with our new partner National
Real Estate Advisors.”
JLL
Capital Markets is a full-service global provider of capital solutions for real
estate investors and occupiers.
 |
| Lee Bloch |
The firm's in-depth local market and
global investor knowledge delivers the best-in-class solutions for clients —
whether investment and sales advisory, debt advisory, equity advisory or a
recapitalization.
The firm has more than 3,000 Capital
Markets specialists worldwide with offices in nearly 50 countries.
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more news, videos, and research resources on JLL, please visit our newsroom.
Contact:
Jenna Sharp
JLL,
Public Relations, Capital Markets
Dallas,
Texas
M
+1 214 394 3356
Jenna.Sharp@jll.com
