IQHQ Acquires The Buckminster as Part of $1B Fenway Center Development Initiative
IQHQ, Inc., has completed the acquisition of The Buckminster on Beacon Street in Boston’s Kenmore Square area. The purchase price was not disclosed.
The strategic acquisition aligns with IQHQ’s ongoing development efforts in the adjacent Fenway market, which includes the $1 billion Fenway Center development and the neighboring 109 Brookline Avenue and 20 Overland Street properties, which IQHQ also acquired separately over the last two years.
“The Buckminster represents an opportunity to enhance IQHQ’s vision to develop a vibrant life science district that runs from Kenmore Square through the Fenway to the premier research, academic and medical institutes in the Longwood Medical and Academic Area,” said John Bonanno, chief development officer of IQHQ.
The Buckminster Hotel, which closed its doors in March 2020, is located at the triangular intersection of Brookline Avenue and Beacon Street. IQHQ plans to work closely with the community and City officials to bring forth an improved future for this prominent Kenmore Square site.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.