Boston, MA Kenneth Girvin of Chandler Company LLC has brokered the sale of 401 Harrison Ave. (aka 40 Fay St., H-112), for $1.7 million. The buyer was 40 Fay Owner LLC and the seller was Mundy’s Asia Galleries LLC. Sam Hawkey of Tactical Realty Group represented the buyer.
The 2,329 s/f retail condominium in the South End’s SOWA District is currently leased to Related Beal for their construction office for The Quinn mixed-use development project. The sale also included three indoor parking spaces.
Girvin has a long history with the condominium, having sold it previously in 2014. “401 Harrison Ave. is in a highly-visible location at the intersection of East Berkeley St. The increased vehicular and pedestrian traffic, as a result of the development of Ink Block, will help ensure that the acquisition represents a solid long-term investment for the buyer”, stated Girvin.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and