152-154 Liverpool Street Update 08/20/16

MG2 acquires East Boston auto body for $1 million


Last Wednesday (August 17th, 2016), developer MG2 of Quincy, MA acquired a 5,642 square foot East Boston industrial building located at 152-154 Liverpool Street, steps to Maverick and Central Squares, for $1 million as recorded in the Suffolk County Registry of Deeds. MG2 also secured a $1.1 million mortgage for 152-154 Liverpool Street last Wednesday through Commonwealth Cooperative Bank. The building stands on a 6,076 square foot parcel and is home to Omega Autobody; the sellers are John Zaccheo, Omega Autobody's owner, and Anna Zaccheo. John and Anna Zaccheo acquired 152-154 Liverpool Street in October 1999 for $195,000. 152-154 Liverpool Street is located across from 151 Liverpool Street, the site of a 36-unit residential condominium building approved for construction by the Boston Redevelopment Authority (BRA) this month.


152-154 Liverpool Street is MG2's fourth East Boston acquisition within one month, having also acquired 11-19 Walley Street, 219 Border Street and 59-69 Meridian Street. Per MG2's website, East Boston is an area of focus for the firm, and MG2 will be undertaking several development projects in East Boston over the coming years. The following is the deed for MG2's acquisition of 152-154 Liverpool Street last Wednesday:


   

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