Patrick Mahoney Of Edge Property LLC Acquires Boston Office Buildings For $10.4M From Sagard & Jumbo Capital

The transaction involved the sale of two office buildings located at 12 Post Office Square and 10 Liberty Square in Boston, MA. The assets were sold for $10,400,000, which is half their pre-pandemic value. The asset type is classified as office space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $10,400,000
• Buyer: Patrick Mahoney & Michael Edgerley - Edge Property LLC
• Seller: Affiliate of Sagard & Jumbo Capital
• Date of Transaction: 12/19/2024

Edge Property LLC, led by Patrick Mahoney and backed by Paul and Sandra Edgerley, is considering a residential conversion for the acquired properties.