| Capital Properties has purchased Boston’s 77,600-square-foot Long Wharf for $34 million.
ELV Assoc. Inc. sold the asset, which includes the five-story Custom House Block and the adjacent four-story Gardiner Building on the Boston Harbor.
Long Wharf is 98 percent leased to anchor tenant AECOM, an infrastructure and support services firm, and seafood and steakhouse restaurant Chart House. Both have been tenants of the property since the early 1970s.
Cushman & Wakefield’s team, led by President Robert Griffin, Vice Chairman Edward Maher and Executive Director Matt Pullen with retail experts Executive Vice President Geoffrey Millerd and Director Justin Smith oversaw the transaction on behalf of the seller.
“Long Wharf is a generational opportunity comprised of two Boston icons with a storied history rooted in American culture,” Maher said in a statement. “Combined with its Greenway Gem status – one of just six elite properties fronting both the Boston Harbor and the Rose Fitzgerald Kennedy Greenway – Long Wharf is an irreplaceable asset.”
