One observer anticipates a price approaching $15 million,substantially above the $4.9 million Snell and partner Bruce Gurallpaid in November 2005 along with capital partner Citigroup.
There is no set asking price, says both Snell and EastdilSecured broker James McCaffrey, but both concurred that theconfidence rendered by the Emerson Hospital pact should make 196Baker Ave. a popular target, especially among institutionalinvestors.
"I can't think of a better stabilized situation to be bringinginto this market," says McCaffrey, whose selection as brokers comesunder a month after six colleagues and he joined Eastdil followingseveral years at Trammell Crow Co. The veteran team also celebratedthe closing last Friday of a $71.5 million portfolio sale inMassachusetts, headlined by a 600,000-sf office/flex park inDanvers.
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