Boston

Somerville Office Building Sold for $20M

November 7, 2007

A 66,217 square foot office building located at 212 Elm Street sold recently for $19.6M to Upland Capital Corp.  The 4-story building in the Davis Square Neighborhood was owned and managed by Paradigm Properties. 

Built in 1989, the building features both covered and surface parking.  At the time of sale the building was 100 percent leased to tenants including; Arrowstreet Inc., Citizens Bank, and Powderhouse Productions Inc. 

The Boston real estate firm, Meredith & Grew Inc. represented Paradigm Properties.  Paradigm will continue to lease and manage the property.

Tags: Commercial Real Estate Property Sale Retail Office


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