Boston– CBRE announced the sale of 46 Plympton Street in Boston. CBRE’s Boston Capital Markets team represented the seller, Legacy Real Estate Ventures, and procured the buyer, Transom Real Estate.
CBRE’s Boston Capital Markets team includes Scott Dragos, Doug Jacoby, Chris Skeffington, Roy Sandeman, Anthony Hayes, Timothy Mulhall and Daniel Hines.
“The CBRE team made a great match on this transaction and skillfully coached it through the process,” stated Legacy Real Estate Ventures’ Michael Price.
“We are extremely appreciative of the opportunity to have worked with Michael Price and the Legacy Real Estate Ventures team for the sale of 46 Plympton Street,” stated CBRE’s Sandeman. “After purchasing the asset in 2016, ownership has successfully executed its business plan through the stabilization of the asset, and we are thrilled to have played our part in the disposition process. Both Legacy Real Estate Ventures and the Transom team were an absolute pleasure to work with.”
Located within the historic South End neighborhood steps from the Abbey Group’s Exchange South End—Boston’s most recent 1,600,000-square-foot life science, tech and office redevelopment—46 Plympton Street is 100% leased to five tenants, including Camp Harbor View and Norbella. The five-story 28,600-square-foot office building offers 13’ clear height, hardwood floors, an abundance of natural light, bicycle storage and shower facilities. 46 Plympton Street is situated off Interstates 90 and 93, and is walking distance from the MBTA Silver, Red and Orange Lines. The property is located within proximity to numerous restaurants, hotels, fitness centers, retail and coffee shops.