Taurus/UrbanMeritage JV acquires 899 Boylston St. for $9.6 million
Taurus/UrbanMeritage JV acquired 899 Boylston St. from Gubbins/McMahon Boylston St. LP for $9.6 million.
The buyer is a joint venture between Taurus Investment Holdings LLC, Anglo Irish Bank Corp. PLC, and UrbanMeritage LLC.
The 16,258 s/f retail and office building is located in the city's Back Bay neighborhood. The three-story property was built in 1920 and renovated in 2001. The building is 100% leased to Trader Joe's, Staples Copy and Print Center and Berklee College of Music.
Cushman & Wakefield of Mass. Inc. represented the seller and the buyer.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.