NAI Hunneman brokers sale of four building portfolio for $17.45m

December 13, 2007 - Spotlights
NAI Hunneman Commercial has brokered the sale of a four-building mixed-use portfolio in Boston's Back Bay district for $17.45 million.
David Ross, executive vice president/principal; Carl Christie, executive vice president/principal; Gina Barroso, sales associate; and Dan McGee, financial analyst, all four of NAI Hunneman Commercial, represented the seller, Edward Swartz Realty Trust, in all transactions.
Here are the details of the transactions:
* NAI represented the seller, Edward Swartz Realty Trust, and procured the buyer, Taurus/Anglo Newbury Street LP, in the $9.6 million sale of both 177 & 234-236 Newbury St., totaling 19,816 s/f of commercial and residential space.
* NAI represented the seller, Edward Swartz Realty Trust, in the$3.2 million sale of 18 Exeter St., a 10,120 s/f, 10-unit multifamily. Mike Doherty of Citylife Real Estate represented the buyer, 18 Exeter LLC, in the transaction.
* NAI represented the seller, Edward Swartz Realty Trust, and procured the buyer, DL Development, LLC, in the $4.5 million saleof 185 Marlborough St. a 12,490 s/f, 10-unit multifamily.
"Back Bay is one of Boston's premier neighborhoods and remains one of the most desirable places to live in Boston," said Ross. "It is a rare opportunity to acquire four trophy Back Bay Properties in one offering. The location of the properties will greatly add to the long-term appreciation of these assets."
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