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Boston Wharf Sign Goes to New Owner in Building Buy

BOSTON-Just weeks after making a splash by re-lighting the historic Boston Wharf Co. Industrial Real Estate Sign, the Archon Group sells the Fort Point Channel building where the sign sits.

By Beverly Ford | Updated on October 27, 2006

BOSTON-The eight-story, 61,898-sf office building in Fort Point Channel–whose rooftop Boston Wharf Co. Industrial Real Estate sign was recently re-lit–has been sold for $10.3 million.

Ashforth Paradigm Capital Advisors Property Fund I, a co-sponsored fund administered by Paradigm Properties and the Ashforth Co., acquired the 263 Summer St. property from the Archon Group. As GlobeSt.com GlobeSt.com reported, the Archon Group recently re-lit the historic neon-red sign to mark the former warehouse district’s transformation into an upcoming waterfront neighborhood.

“We love having a finger in the neighborhood and being part of that momentum,” APCA president Kevin McCall tells GlobeSt.com. He says the new owner will keep the ruby red sign lit “as a beacon for the revitalization and future character of this neighborhood.”

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