Ligotti, McGranaghan and Redeker of Boston City Group, Inc. sell 262-264 Friend St. for $4.5 million

Boston, MA 262-264 Friend St., a 14,316 s/f keystone building located in the center of the city near North Station, was sold for $4.5 million.  

Boston City Group, Inc.’s Caroline Ligotti, Emily McGranaghan and Linda Redeker represented the seller and procured the buyer, both were not disclosed. 

Originally built in 1899 and expanded in the early 2000’s, 262 Friend St. is 100% leased to a long term tenant.

Friend St. is located in the city’s North Station Submarket within less than a half block of both TD Garden and North Station a major hub for AMTRAK, the MBTA Green and Orange Subway lines, and the Commuter Rail. North Station is one of the city’s premier, fastest growing and most concentrated live-work-play and ride neighborhoods.

Since 2009, North Station has seen the completion of over 2.3 million s/f in new commercial mixed-use projects, including 1,700 residential units including Hub on Causeway that will ultimately feature over 1.5 million s/f of shops, restaurants, a 440-unit/38-floor residential tower, a 260 room hotel, and a 21-story office building. The neighborhood is also the site of more than 3 million s/f currently in the active construction pipeline.

Boston City Group previously brokered the sale of neighboring 268-272 Friend St. aka the Hilton’s Tent City Building, in North Station. 

The Boston City Group team specializes in sourcing and brokering commercial and multi-family investments, and urban development opportunities throughout Greater Boston and the New England, New York and Washington DC metro areas.