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

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.