Boston-based, Kensington Investment Company has mortgaged their property at 49 Gloucester St in Bostons Back Bay neighborhood for 18,330,723.40 million via Eastern Bank. The property was acquired by the company in March for $6.1 million.
The building is located on the corner of Gloucester and Boylston, directly across from the Prudential Center, and is composed of ground-level retail with two stories of apartments above.
Boston based, Kensington Investment Company, has acquired the building at 49 Gloucester Street for $6.1 million. The company strategy focuses on long-term hold-and-improvement with a strong focus on service excellence — and on investing in the neighborhoods where their foundations operate. Their portfolio includes properties across New England, Utah, and a single property in Israel.