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Historic Sears Crescent Building Trades For Nearly $24M

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Historic Sears Crescent Building Trades For Nearly $24M

Chevron Partners has acquired the 50k SF Sears Crescent building in Government Center from Copley Investments for $23.8M.

The building, which is centrally located near the Government Center station, is fully leased to 14 tenants. Top tenants include the Commonwealth Health Insurance Connector Authority, Lubin & Meyer, and Communications Media Advisor, according to CoStar.

Originally built in 1840, the building fits into Chevron Partners' strategy of buying buildings with significant value-add potential.

Matthew Pullen and Justin Smith of Newmark Grubb Knight Frank repped Copley Investments. [CoStar]