JLL Capital Markets close $12.25 million sale of Four Liberty Square

Boston, MA On behalf of an affiliate of Abramson Brothers, JLL’s Capital Markets experts completed the $12.25 million sale of 4 Liberty Sq., a 26,000 s/f office and retail building in downtown. An affiliate of Atlas Real Estate Partners purchased the asset.

Managing directors Frank Petz, Chris Angelone and Jessica Hughes, vice president Matthew Sherry, and associate George Gregory led the JLL team on the transaction.

4 Liberty Square - Boston MA

Petz said, “Boston’s class B office product has seen a clear increase in tenant demand and has established itself as the preferred asset class for today’s ‘new economy’ tenancy. Innovation tenants are knocking on the doors of Boston’s CBD looking for properties like Four Liberty Sq. Thanks to the refreshed demand, class B is now exhibiting healthier fundamentals than its class A counterpart. Four Liberty Sq. in particular, currently 100% leased to six tenants, delivers stable near term cash flow and offers an immediate opportunity to increase rents in 2016.”

Situated in Liberty Sq. at the corner of Water and Batterymarch Sts., the distinctive seven story building was originally constructed in 1900 and embodies the classic charm that today’s new economy tenants covet. The property features six floors of efficient 3,300 s/f plates. The ground floor and lower level provide a highly visible retail presence currently occupied by the restaurant, the Vanderbilt.

Four Liberty Sq. is ideally located in the center of the city’s Central Business District, with immediate access to premier retail and dining amenities as well as public transportation and major roadways. Located a short walk from both South and North Stations, the property is accessible via the commuter rail, MBTA Red, Orange, Green, and Silver lines, and bus services.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.