BOSTON– JLL Capital Markets announced that it has arranged the $46.1 million sale of 15 Broad Street, an irreplaceable asset comprising 77,678 square feet of creative office and street level retail space in Boston.
JLL exclusively represented the seller and procured the buyer, TA Realty.
Originally commissioned as the Marshall Building, 15 Broad Street was designed by Clarence H. Blackall, one of Boston’s great architects, and completed in 1910. The asset features a unique exterior facade, clad with limestone up to the third floor. The crown of the asset features a limestone cornice with copper fascia including ornamental lion heads aligned with the double hung windows.
15 Broad Street sits alongside Fairlane Park, which is one of the hidden treasures of downtown Boston and is just steps from Post Office Square, Rowes Wharf and Faneuil Hall. Additionally, the property is equidistant from both North Station and South Station making this asset the commuter’s dream.
Broad Street has emerged as Downtown’s main “boulevard” with recently rebuilt sidewalks, the installation of outdoor furniture and numerous dining, retail and entertainment destinations.
JLL’s Capital Markets team representing the seller was led by Coleman Benedict, Lauren O’Neil, Matthew Sherry, Kerry Hawkins and Ben Sayles.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.