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KEMS Real Estate Development Acquires Development Site In Boston For $7.25M

Property Image
SOLD
$7,250,000
Jon Bryant
John Flaherty
+ 3

Massachusetts

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Development Site14,600 SF
Sold 04/15/2021
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Property Image
SOLD

KEMS Real Estate Development Acquires Development Site In Boston For $7.25M

19 Isabella Street, Boston, Massachusetts, USA

See Similar Deals
Development Site14,600 SF
Sold 04/15/2021
Jon Bryant
John Flaherty
+ 3
Contact now

Summary

MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$496
Total Square Footage:14,600 SF
Transaction Type:Sale

An unconventional sales transaction took place in Boston, MA on April 15, 2021. The property involved was a development site located at 19 Isabella Street. The seller of this asset was Carlisle Capital, while the buyer was KEMS Real Estate Development represented by Ed Doherty. The deal was facilitated by a team of brokers from Cushman & Wakefield, including Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, and Kevin Jones. The sale price for this transaction amounted to $7,250,000 with a building square footage (BSF) of approximately 14,600, resulting in a price per building square foot (PPBSF) of 497.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $7,250,000
  • Building Square Footage: 14,600
  • Price per Building Square Foot: 497
  • Seller: Carlisle Capital
  • Buyer: KEMS Real Estate Development - Ed Doherty
  • Brokers: Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, and Kevin Jones - Cushman & Wakefield

This transaction showcased the collaboration between Carlisle Capital, the seller, and KEMS Real Estate Development, the buyer represented by Ed Doherty. The negotiations were facilitated by a team of brokers from Cushman & Wakefield, including Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, and Kevin Jones. This successful deal demonstrates the expertise and effectiveness of these industry professionals in navigating the Boston market.

Players

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Kevin Jones
Cushman & Wakefield
47 deals$736.3M volume
BROKER


3 deals$15.1M volume
BUYER

Carlisle Capital
SELLER

Details

SOLD
IMAGE: Kevin Jones, Chris Sower, Jon Bryant, Bruce Lusa & John Flaherty DATE: 04/15/2021 ADDRESS: 19 Isabella Street MARKET: Boston, MA ASSET TYPE: Development Site SELLER: Carlisle Capital BUYER: KEMS Real Estate Development - Ed Doherty BROKERS: Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, & Kevin Jones - Cushman & Wakefield SALE PRICE: $7,250,000 BSF: 14,600 ~ PPBSF: 497

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