 |
| Ben Sayles |
BOSTON, MA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $8.85 million sale of Newmarket Center, a 55,000-square-foot,
brick and beam office building located at 67 Kemble Street in Boston’s Roxbury
submarket.
HFF arranged the sale of
the property on behalf of the seller, DDJB Real Estate Holdings, LLC, and
procured the buyer, The Winhall Companies, on an off-market basis. Urban Core Development redeveloped the
property and served as its manager.
Newmarket Center was
originally built in the 1880s to house one of the area’s premier blacksmith
shops, which operated until the 1930s.
After sitting vacant for some time, the building was again occupied in
the 1940s by Newmarket Wool and operated as a wool storage and sorting
warehouse for roughly 50 years.
After the wool trade
diminished in Boston, the building ultimately ended up vacant and abandoned
during the late 1990s. Urban Core
Development brought the building back to life by redeveloping the former
warehouse into an innovative and creative loft-style office building during
2014-2015.
 |
| Adam Dunn |
Newmarket Center is situated in Boston’s
Roxbury submarket about one-half mile from the Newmarket commuter rail station
and South Bay Center.
The HFF investment sales
team representing the seller was led by Ben
Sayles and Adam Dunn.
“67 Kemble is a terrific
asset that simply couldn’t be replicated today,” said Sayles. “Newmarket might be one of the city’s best
kept secrets – there is so much exciting activity in the submarket. We expect to see significant investment
activity going forward.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
No comments:
Post a Comment