Appalachian Mountain Club sells headquarters to Insight Partners and Eastern Real Estate for $15 million

October 21, 2016 - Front Section

Boston, MA The Appalachian Mountain Club (AMC) completed the sale of its Beacon Hill headquarters as the outdoor recreation and conservation non-profit, founded in 1876, searches for new headquarters in the area to support organizational growth and expand its mission impact locally and beyond.

The AMC-owned buildings, located at 3, 4, and 5 Joy St., were purchased for $15 million by Newton, Mass. based 3-5 Joy LLC, a joint venture with Insight Partners and LandWorks, the development partners, and Eastern Real Estate, the capital partner. The three buildings total 22,000 s/f. The joint venture intends to convert the property back to residential use.

5 Joy Street - Boston, MA (Photo credit: Ryan Smith) 5 Joy Street - Boston, MA (Photo credit: Ryan Smith)

The sale officially closed on September 22 and was authorized by AMC’s board of directors, which includes AMC president and CEO, John Judge.

AMC’s history at its Beacon Hill location dates back almost a century to 1923, when 5 Joy St. was purchased for club office space and social gatherings. AMC’s roots in the city were well established by then, and it was a pivotal time for the organization’s early outdoor recreation and conservation advocacy efforts. The two adjoining buildings at 3 and 4 Joy St. were purchased in 1975 and largely leased to other nonprofits. Today all three buildings are used to support AMC staff and program needs, including volunteer-led programs offered by AMC’s Boston chapter. AMC is working with commercial real estate broker McCall & Almy to advise its search for a new headquarters.

“We have been fortunate to call Beacon Hill and 5 Joy St. home since 1923. While we will miss this special place that has been so central to our history and accomplishments, we need to move to space that better supports our staff and mission,” said Judge. “As part of our vision for AMC’s new headquarters, we’re looking for a space that allows room for long-term organizational growth, encourages more staff collaboration, reflects our commitment to energy efficiency and sustainability, offers access to public transit, and better supports our Boston-based programs.”

Major AMC initiatives in Greater Boston include the organization’s Youth Opportunities Program, which offers outdoor leadership training and trip support to urban youth agency workers and teachers, enabling them to lead young people outdoors; Outdoors Rx, a partnership with health care providers serving families and children in vulnerable communities by prescribing the outdoors as a path to better health; trail construction and maintenance leadership on the 230-mile Bay Circuit Trail and Greenway running through 37 communities around Boston; and statewide conservation policy work.

“The need to connect urban populations to the outdoors has never been greater,” continued Judge. “Being in the Boston area is critical to our efforts to cultivate the next generation of conservationists, diversify our constituency, and get more young people outdoors.”

Founded in 1876, the Appalachian Mountain Club (AMC) promotes the protection, enjoyment, and understanding of the mountains, forests, waters, and trails of America’s Northeast and Mid-Atlantic. AMC helps people of all ages and abilities to explore and develop a deep appreciation of the natural world. With chapters from Maine to Washington, D.C., guidebooks and maps, and unique lodges and huts, AMC helps people get outdoors on their own, with family and friends, and through activities close to home and beyond. AMC invites the public to support its conservation advocacy and research, youth programming, and care of 1,800 miles of trails.

Tags:

Comments

Add Comment