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Two years ago, the firm paid $4.73 million for 333 Newbury St. The buyer is, however, well versed in both retail and Newbury St.
topped $1,400 per sf, a level that did appear to jolt some market professionals informed of the outcome. That level seems to be par for the course in the Back Bay for prime retail in fact, the 19,000-sf property at 26-28 Newbury St. In securing 815 Boylston St., Tribeca needed to pay in excess of $1,000 per sf. to an event-filled 2012 on the investment sales front is led by Brian Barnett, Peter Joseph, Sarah Lagosh, James McCaffrey and Christopher Phaneuf. The Capital Markets Group that adds 815 Boylston St. Efforts to contact the buyer were unsuccessful by press deadline, while calls to Eastdil Secured not returned. The Apple Store has approximately 15 years remaining on its lease at the building, offering the landlord a stable asset well into the next decade.īrooks has led other investment partnerships in the Bay State, as previously outlined in the initial article, including an ongoing renovation at 4-6 Newbury St. “It’s a big number,” another says of the price Tribeca APL Boston LLC shelled out for 815 Boylston St., but is among those deeming it a rational figure.The winning partnership is led by Irish investor Aidan Brooks and is said to have other overseas capital involved to buttress the Rockland Trust Co. One bidder said it was viewed as a chance to have “the most popular (retail) tenant in the country” on their roster in chasing the asset that ultimately went to Tribeca. The Apple Store received global interest, market watchers relay, and many well-known local investors who covet urban retail reportedly had it on their radar screen. Observers say Greater Boston’s popularity as a haven for risk-averse real estate has enabled sellers to craft aggressive terms and find plenty of willing suitors eager to comply. 26th and sources at the time conveyed a desire to close each by year end. That $26.7 million deal was orchestrated by Holliday Fenoglio Fowler.īoth transactions were initially unveiled by on Nov.
Eastdil Secured negotiated the blockbuster pact that supposedly featured a capitalization rate in the 3 percent range-the same sphere a New York investor earlier this month dipped to land 26-28 Newbury St. You Have Been Successfully Unsubscribed From The Newsletter.BOSTON-The deed is done for 815 Boylston St.-better known to legions of adoring Hub technology consumers as the Apple Store-with an Irish investment group completing its $27.5 million purchase backed by an $18 million loan from Rockland Trust Co. Sorry, Failed To Unsubscribe From The Newsletter.
#APPLE STORE BOYLSTON ST BOSTON PASSWORD#
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#APPLE STORE BOYLSTON ST BOSTON HOW TO#
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#APPLE STORE BOYLSTON ST BOSTON FULL#
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