News: Owners Developers & Managers

Freudenheim Partners facilitates $5.9 million sale
of 13,000 s/f Bay Village office building

 

 

Boston, MA Freudenheim Partners brokered the sale of 52 Church St., in the city’s Bay Village neighborhood. The 13,000 s/f two-story stand-alone office building was purchased by UNITE HERE Local 26 for $5.9 million ($454 per s/f). Local 26, a union representing workers in the hospitality  industries of Mass. and R.I., plans to occupy and use the building as their local headquarters.

The 52 Church St. location, bordering the Back Bay, offers access to a variety of transportation options providing flexible commuting options.

Leigh Freudenheim and Ellie Cullinan negotiated the purchase of the building on behalf of the seller,  52 Church Street Realty, LLC, and procured the buyer, UNITE HERE Local 26.

“UNITE HERE Local 26 was the perfect user for the building,” said Freudenheim. “The new location for this hospitality focused union will be great for the neighborhood,” said Cullinan. “The location could not be a better fit for the union given all the work they do in the surrounding hotels.” 

“It was great working with FP,” said 52 Church Street Realty, LLC. “Leigh and Ellie were professional,  knowledgeable, and accommodating. They listened to our ideas and needs, and they provided us with various alternatives to facilitate the building sale in a changing market.”

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