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Hudson Group Pays $9M for Greenway Building

BOSTON-The new owner plans to raze the six-story, 55,000-sf building and construct residential units on the property.

By Beverly Ford | Updated on September 25, 2006

BOSTON-A six-story building with a prime location overlooking the Rose Fitzgerald Kennedy Greenway has been acquired for $9 million by an Israeli investor. The new owner plans to raze the existing structure and build residential units on the block-long parcel.

Hudson Group North America, LLC beat out several other investors, including national and local developers, to take ownership of the 120 Kingston St. property in what a broker involved in the sale described as “a highly sought after” offering.

Biria St. John, with CB Richard Ellis/New England, tells GlobeSt.com that the buyer was selected over another $9-million bidder because of its strong financial backing and their ability to close the deal. “It was highly sought after,” St. John says of the 55,000-sf property. “It’s really the only full block development site right on the Greenway and that was a real highlight of this deal.”

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