Project Progress: Acquired By Proponent

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About 93 Summer Street

Downtown Crossing, Boston, MA

Fully leased 25,000-square-foot brick-and-beam Class B office building built in 1900 located steps from South Station.

93 Summer Street features 5,000-square-foot floor plates and is occupied by four creative office tenants and two ground-floor retail tenants, Verts Mediterranean Grill and Grainmaker.

Paradigm Properties, who acquired the building for nearly $5 million in June 2015, invested $1.5 million in base building improvements and brought the building to 100% occupancy.

Paradigm sold the building to Bentall Kennedy for $19 million fully leased in December 2017.

Acquisition Cost ITK
Square Feet ITK
Sector

Retail

Office

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Dec 14, 2017

Repositioned Downtown Crossing creative office building sells for $19 million

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