Gregory McCarthy Acquires 129 Portland Street Office Building In Boston For $6.65M

The property asset involved in this transaction is located at 129 Portland Street, Boston, MA. The office building spans approximately 30,000 square feet and was sold for $6,650,000, translating to a price per square foot of $222.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,650,000
• Buyer: Gregory McCarthy
• Lender: Everett Cooperative Bank
• Financing Secured: $9,600,000
• Planned Conversion: 25 residential units

The transaction was executed by developer Gregory McCarthy, who is now focused on converting the office space into residential units. The financing provided by Everett Cooperative Bank will facilitate this redevelopment project.