Community Corner
South End's Graybar Sold for $14M
More changes are coming to the Harrison-Albany corridor.
The Nordblom Co., a Burlington real estate company, has purchased South End warehouse for $14 million, according to The Boston Herald. Nordblom Co. are looking to redevelop the site. At present, developers said they are not yet certain what will be built on the Graybar site, but there is a chance this will turn in a residential complex with shopping retail on the first floor.
According to the Herald, this property was not listed for sale. The buyer approached Jeff Netherton, director of corporate real estate at Graybar’s St. Louis headquarters.
The Graybar is next to the Ink Block, which is a $200 million apartment and retail complex in the works at the former Boston Herald site. Nordblom bought the 1000 Washington St. office building next door to the Graybar for $34.8 million in 2006. The site is also near Normany Real Estate Partners' 275 Albany St. hotel project.
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