JBWriter
Happy Sapien
Just in...Co$ sold the 448 Beacon St. property for $10.5 million.
Link to article here: http://www.bizjournals.com/boston/real_estate/2013/09/church-of-scientology-hq-sold-11M.html
That's $9.3 million for the La Mesa property + $10.5 million for the Beacon St property, folks.
Today's news reports (so far) total a profit of $19.8 million for Co$/scientology.
JB.
The Congress Group has closed on a deal to buy the Church of Scientology's (JB deactivated Co$ site link) regional headquarters at 448 Beacon St. in Boston’s Back Bay for $10.5 million.
Dean Stratouly, president of the Boston development company, said he plans to transform the 1889 brick and brownstone four-story mansion into seven luxury condominiums. A church spokesman said they plan to remain in the building for up to a year while they renovate the former Alexandra Hotel in the South End as their new Boston home.
The church put the 27,765-square-foot property up for sale at $12.5 million in 2010. Later, when offers for the Richardsonian Romanesque-style home fell short of the asking price, church officials lowered the price to $10.5 million. The church paid $440,000 for the building in 1975.
CBRE/New England’s Capital Markets represented the seller and procured the buyer.
Link to article here: http://www.bizjournals.com/boston/real_estate/2013/09/church-of-scientology-hq-sold-11M.html
That's $9.3 million for the La Mesa property + $10.5 million for the Beacon St property, folks.
Today's news reports (so far) total a profit of $19.8 million for Co$/scientology.
JB.
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