BOSTON - Meredith and Grew represented Chardon Realty Trust in the sale of Lovejoy Wharf in Boston. The buyer is a partnership comprised of Ajax Investment Partners, LLC, Boston Wharf Investments LLC of New York and AIG Global Real Estate Investment Corp.
Leigh Freudenheim, a Meredith & Grew vice president, negotiated the transaction.
The acquisition includes two office buildings totaling more than 375,000 square feet, and a 40,000-square-foot wharf. Largely vacant, the office buildings will be redeveloped into waterfront residential and ground-floor retail and restaurant space. The existing wharf will be redesigned as public, open space and will be connected to the Boston Harborwalk, a popular pedestrian walkway which stretches from the North End, around the downtown area to South Boston.
The buildings are located between Boston's North End and Charlestown, specifically at 160 North Washington Street on the North Washington Street Bridge, and 131 Beverly Street, on the Charles River at the foot of the new Zakim Bridge.