(To read more on the multifamily market, click here.)
CHELSEA, MA-The $4.5-million sale of a Chelsea building took atwist when the seller and buyer decided to team up to develop themixed-use property. They will convert its existing offices toresidential units.
Boston's Synergy Capital acquired the site, which features 16residential units, 12 retail shops comprising about 10,000 sf andsecond floor office space along with an 11,000-sf garage. RCG LLCof Somerville was the seller.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
