Tod Brainard And Keith Wallace Acquire Office Asset In Boston For $28 Million From Bank Of New England
15 New Chardon Street
$28,000,000
Building Size
—
Asset Type
Office
Closing
Jul 21, 2025
AI
The asset involved in this transaction is an office building located at 15 New Chardon Street in Boston, MA. The sale price for the property was $28,000,000. The total square footage of the building is 141,831 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $28,000,000
- Buyer: Tod Brainard - Tritower Financial Group LLC
- Buyer: Keith Wallace - Live Oak Real Estate Investments
- Brokers: Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell & William Sleeper - Newmark
- Mortgage Brokers: Bobby Alvarado, Timothy O’Donnell, David Douvadjian Sr., David Douvadjian Jr & Conor Reenstierna - Newmark
- Lender: Bank of New England
Live Oak Real Estate Investments and Tritower Financial Group completed the acquisition of the property. Newmark facilitated the transaction and also arranged financing through Bank of New England, providing further context to the financial arrangements involved in the deal.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93