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South End Office Property Picked Up Off Market

Feb 17, 2016 | Reprints | Print

Legacy Real Estate Ventures recently acquired an office complex in Boston’s South End.

The property, located at 44-46 Plympton and 61-63 Wareham streets, contains 30,000 square feet, and sold for $6.5 million in an off-market transaction.

Financing was provided by TD Bank.

The building is primarily brick and beam, built in the 1870s, and originally utilized for carpentry and lumber storage.

The building is fully occupied by tenants including Sara Campbell, Relevant 24, Norbella, D.W. Arthur and The Massage School.

“We intend to continue to operate the property as an office building and to monitor development in the area over the next five years. At that point we might consider a residential conversion, or continue to upgrade the office use. Currently we have no firm plans and are excited about owning in this vibrant neighborhood,” Legacy Principal Michael L. Price said in a statement.

The property will be managed by Eastport Real Estate Services.

Commercial & Industrial