William Thibeault Of Thibeault Development Acquires Office In Boston For $9.2M

The office asset located at 11-17 Avenue De Lafayette in Boston, MA, was sold for $9,200,000. The property encompasses a total square footage of 58,000 and the price per square foot amounts to $159. This transaction marks a significant reduction from its previous sale price of $23 million in 2021.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $9,200,000
• Address: 11-17 Avenue De Lafayette
• Market: Boston, MA
• Square Footage: 58,000
• Price Per Square Foot: $159
• Buyer: William Thibeault - Thibeault Development
• Broker Representatives: Scott Carpenter & Brooke Howard - JLL

Thibeault Development LLC, led by William Thibeault, successfully acquired the property following a competitive bidding process facilitated by JLL, which was managed by brokers Scott Carpenter and Brooke Howard.