Ferrado Properties Inc Acquires Office Property In Boston From ASB Real Estate Investments For $39.1M

The 26,834-square-foot office property located at 801 Boylston Street in Boston's Back Bay area has been sold for $39.1 million. The transaction price equates to $1,457 per square foot. The seller, ASB Real Estate Investments of Bethesda, MD, completed the sale to the buyer, Ferrado Properties Inc., based in Newport Beach, Calif.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $39,100,000
• Address: 801 Boylston Street
• Market: Boston, MA
• Buyer: Ferrado Properties Inc
• Seller: Robert Bellinger - ASB Real Estate Investments

Ferrado Properties Inc., a company headquartered in Newport Beach, Calif., made the acquisition of the office property. The seller, ASB Real Estate Investments, based in Bethesda, MD, facilitated the transaction. The property at 801 Boylston Street now changes ownership from ASB Real Estate Investments to Ferrado Properties Inc.