For Rockwood, managing director Mark DeLillo is heading the assignment. An asking price has not been disclosed.
The two buildings, which total just under 116,000 sf, are currently 96.2% leased to office, warehouse and light industrial tenants. 124 Bay St. is configured in an L shape and ranges from two to four stories, while 134 Bay St. is a rectangular six-story building.
The properties are located within the proposed Powerhouse Arts District, or PAD, which consists of nine blocks of underutilized warehouses and five adjacent blocks near this city's waterfront. The proposed PAD is itself part of a zoning area known as WALDO, an artists' "Work and Live District Overlay," which city officials hope to turn into something akin to New York's SoHo or Chelsea.
The WALDO zoning currently requires building owners to designate 50% of new residences for registered artists. The proposed PAD, meanwhile, would require 10% of residences to be designated as affordable units. The two properties at 124 and 134 Bay St. are being marketed on an as-is basis as a condominium conversion opportunity, according to DeLillo.
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