Joey Arcari Of Monarc Development Acquires Development Site From Carmelite Sisters For $16M

The asset involved in the transaction is a development site located at 130 Dorchester Street in South Boston, MA. The sale price of the property was $16,000,000, with a total square footage of 284,196, resulting in a price per square foot of $56.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $16,000,000
• Address: 130 Dorchester Street
• Market: South Boston, MA
• Square Footage: 284,196
• Price per Square Foot: $56
• Buyer: Joey Arcari - Monarc Development
• Seller: Mother Mary Rose Heery - Carmelite Sisters of the Vatican Church
• Broker: John Maggio - Evo Real Estate Group

The transaction was facilitated by John Maggio of Evo Real Estate Group, representing the sale for Mother Mary Rose Heery of the Carmelite Sisters of the Vatican Church. The buyer, Joey Arcari from Monarc Development, was instrumental in concluding the transaction.