SC Alpha has acquired 37-43 Temple Place, a boutique mixed-use building in Boston, from 3MJ Realty. The final sale price was $20 million, equating to over $998 per square foot and $1.25 million per unit.
The property consists of 16 residential units with a mix of two, three, and four bedrooms, as well as 4,950 square feet of retail space. The building, fully gut-renovated and reconstructed in 2008, is located in Downtown Crossing, it’s 100% leased with retail tenants including The Crossing Wine & Spirits and Victoria’s Jewelry.
Cushman & Wakefield’s Bruce Lusa, Chris Sower, Jon Bryant, John Flaherty, Kevin Jones, Mary VanNatta and Julie Regan represented the seller in the transaction.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.