The asset hit the market last November and received a number of offers, with Radco Cos. and Brighton-based Intercontinental Real Estate Corp. reportedly the finalists. The payment could be as much as $10 million, according to the source.

"It's an attractive residential development, but I think that they're paying a big number for it," says one source. "With that number, they really need to achieve a residential sell at price per sf levels that match the high end of the luxury market, in a location that's a little off the beaten track."

Located in the South End, just off Tremont St., 95 Berkeley has easy access to Back Bay's Amtrak station, the Mass. Pike and MBTA services, and is adjacent to Columbus Center, the 1.3 million-sf mixed use development project, with a hotel, high-end retail, and 343 residential units. The eight-story building was built in the 1920's and purchased from Graham Gund Architects in 1988 for $7.1 million.

The fate of current tenants of the building, which include the Latin American Health Institute, the Girl Scouts Patriot Trail Council Inc. and owner the Community Builders is not known. Fisher Bros., TCB, and broker Meredith & Grew did not return phone calls before deadline. All of the leases for current tenants, including TCB, are set to expire on or before Dec. 31, 2006.