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Boston’s McCormack Federal Building Tagged for Possible Sale

Boston’s 727,000-square-foot John W. McCormack Building is among 26 federal properties being considered for sale nationally, the Public Building Reform Board said last week. The Boston Business Journal reported that the property, which houses the Environmental Protection Agency and U.S. Bankruptcy Court among other tenants, is a property that could be repurposed, similar to about one dozen downtown Boston buildings undergoing conversion into apartments.

The PBRB didn’t provide occupancy or utilization rates for the McCormack Building but said the 26 buildings being considered for sale are vastly underutilized. They average 80% occupancy because of existing leases but are only 25% utilized.

The McCormack Building is one of two New England properties being considered for sale, along with the 24,000-square-foot U.S. Custom House in Portland, ME. Boston has other major federal buildings that haven’t been listed for potential sale, including the O’Neill building next to North Station and the JFK building at Government Center.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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