Marcel Safar Of Chevron Partners Purchases 99 Bedford Street In Boston For $19 Million

The commercial asset located at 99 Bedford Street in Boston, MA, has been sold for $19,000,000. The property encompasses a total area of 98,000 square feet, resulting in a price per square foot of $194. The sale occurred at auction and is noted to be significantly below its 2019 price of $51,000,000.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $19,000,000
• Buyer: Marcel Safar - Chevron Partners
• Seller: Marc Berryman - Credit Suisse Asset Management
• Square Footage: 98,000
• Price per Square Foot: $194

Marcel Safar, representing Chevron Partners, and Marc Berryman, representing Credit Suisse Asset Management, have finalized the transaction. The new ownership is planning to implement lobby upgrades, enhance tenant amenities, and establish a 9,600-square-foot speculative suite.