Sunday, September 14, 2008

Brickman Selling 313 and 330 Congress St.

http://www.bizjournals.com/boston/stories/2008/09/08/daily23.html
Boston Business Journal

Brickman Associates is selling two office buildings totaling 106,028 square feet and has hired Holliday Fenoglio Fowler LP to market the properties.

The buildings are located in Boston’s Fort Point Channel neighborhood at 313 and 330 Congress St. Brickman, a New York investment company, purchased the properties for $22.7 million in April of 2006 through the Brickman Real Estate Fund II LP. The seller at the time was New Congress Associates LLC, an affiliate of Edwards Day Property Investments.

The Boston office of Holliday Fenoglio Fowler is listing the properties for sale without an asking price; the sale includes “attractive, in-place financing,” according to a press release from HFF.

The buildings at 313 and 330 Congress St. are six-story, brick-and-beam office buildings with 70,217 square feet and 35,811 square feet respectively. The properties are located across the street from each other and were originally built in the 1890s. The buildings are currently 98.1 percent leased to tenants that include National Mentor Holdings Inc., Neoscape Inc. and Commercial Construction.

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