Mixed-use building in Boston’s Financial District acquired for $6.15 million

Six Capital, LLC has acquired 281 Franklin Street, a 12,000-square-foot office and retail building in Boston’s Financial District, for $6.15 million. The sale amounts to about $513 per square foot. Seller JAMM, LLC acquired the building for $2.85 million, about $238 per square foot, in August 2002. Freudenheim Partners negotiated the sale between JAMM and Six Capital. Eastern Bank provided $4 million in mortgage financing towards Six Capital’s acquisition. 281 Franklin Street is located in the heart of the Financial District, steps from Post Office Square in the heart of Boston’s premier business environment. “I believe strongly in the fundamentals and underlying value in the Financial District,” said Sean Wilder, Owner/CEO of Six Capital, in a prepared statement. “With continued development on the South Boston waterfront, and the emergence of life on the Rose Kennedy Greenway, the Financial District is enjoying a renaissance of its own, and particularly the Broad Street corridor. I am optimistic about the long-term value proposition that the Financial District offers and am thrilled to have had the opportunity to acquire such a well-located asset. At this time we are continuing to pursue other opportunities in the Financial District.”

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