BOSTON-In a deal that is indicative of the condo craze that is sweeping the city, Harrison Commons, LLC is buying 761 Harrison Ave. with the intention of converting the building into 60 condominiums. The sales price was $11.8 million.

The five-story building currently consists of 80,000-sf situated on a nearly two-acre site. The plan is to convert the building into 60 condos, and a five-story, 150,000-sf building will be constructed to hold an additional 140 new rental units. The project will also feature 220 parking spaces.

Thomas J. Hynes Jr., president, and Thomas D. Robinson Jr., vice president, of Meredith & Grew represented the Society of Jesus of New England. Kevin C. Phelan, executive vice president, and Stephen M. Horan, senior vice president, of Meredith & Grew arranged the acquisition and construction financing of $70 million for the buyer with Key Bank and NEBF. Harrison Commons LLC, is a joint venture of Robert F. Walsh, of RF Walsh & Co., and Robert N. Kenney, of Kenney Development.

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