The Forever Young Group Leases Commercial Space In Mattapan, MA | 120 Babson Street | James Elock, Jeff Similien | Commercial | Lease

Summary

Lease

MASSACHUSETTS

Commercial

24,498 sqft

Located at 120 Babson Street in Mattapan, MA, a commercial property has been leased by The Forever Young Group. The property, formerly known as Pope John Paul II Catholic Academy, will be converted into an adult assisted living facility with 37 apartments. The lease term spans an impressive 75 years, with an asking rent of $122,020 per year. The property sits on 1.3 acres, covering a total area of 24,404 square feet.

Summary of transaction details

Property Type: Commercial
Tenant: The Forever Young Group
Landlord: Archdiocese of Boston
Broker: Jeff Similien - Boston Trust Realty Group, & James Elock - Colliers International
Lease Term: 75 years
Asking Rent: $122,020 (Annual)
Acres: 1.3

Our congratulations go out to The Forever Young Group, Jeff Similien of Boston Trust Realty Group, and James Elock of Colliers International for brokering this deal.

Players

All
4

Agents
2
Agencies
2

$7.7M Sold

Colliers International

Boston Trust Realty Group

Details

Deal Summary

LEASED

IMAGE: Jeff Similien & James Elock DATE: 12/12/2020 ADDRESS: 120 Babson Street MARKET: Mattapan, MA ASSET TYPE: Commercial TENANT: The Forever Young Group LANDLORD: Archdiocese of Boston BROKER: Jeff Similien (@jeff_6m) - Boston Trust Realty Group, & James Elock - Colliers International LEASE TERM: 75 year lease ASKING RENT: $122,020 (Annual) ACRES: 1.3 - 24,404ft NOTE: Congratulations to @foreveryounggroupllc on leasing 120 Babson St (formerly Pope John Paul Ii Catholic Academy). They will convert the building to an adult assisted living facility with 37 apartments. Also, a congratulations to @colliers and @jeff_6m for brokering this deal.

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Address120 Babson Street

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