Eden Properties has closed on the purchase of 26 West Street, a 53,000 sqf office and retail asset in a $21.8 million deal. The property is located in the Ladder District neighborhood of Boston, directly between the Downtown Crossing and Park Street MBTA stations. The mixed use building is two-thirds leased to government union, SEIU, in a long term deal. Colliers International represented the seller, Synergy Investments.
According to Executive Vice President Scott Dragos of Colliers International Boston’s investment sales team, “The sale of 26 West Street in excess of $400/SF demonstrates the strength and depth of the Class B downtown market. It is a product in high demand with tenants and investors right now, so with that trend and its location virtually atop two major MBTA stations, it’s no surprise that pricing shook out where it did.”
