New Boston Fund and Meredith & Grew Announce Sale of 10 Fawcett Street in Cambridge, Massachusetts to Synergy for $21.1 million.

New Boston Fund Inc., a real estate investment, development and management firm, today announced the sale of 10 Fawcett Street to Synergy. Meredith & Grew represented New Boston Fund, Inc. in the transaction and procured the buyer, Synergy.

“This property has been a part of the New Boston family of assets for the past ten years, and has been a solid and consistent performer,” says Jon Gillman, Senior Vice President of Asset Management for New Boston Fund. “The Alewife submarket is strong and we believe it will continue to perform very well. We look forward to working with Synergy through our continued management of the property and we thank Synergy and Meredith and Grew for the ease with which this transaction was executed.”

“We are very excited to begin the year with the acquisition of 10 Fawcett, and look forward to expanding our portfolio in 2007,” said David Greaney, President of Synergy. 

Constructed in 1985, 10 Fawcett Street is a first-class 130,304-square-foot, six-story office building located in the heart of the Alewife submarket in Cambridge, Massachusetts. The building features an on-site café, refurbished common areas and 287 parking spaces, 244 of which are structured including 46 garage spaces. It is easily accessible from Boston, Route 2, and the Massachusetts Turnpike and is a half mile from the Alewife MBTA station, providing subway, bus service and a 2,595-car parking facility. The property is adjacent to the 315-acre Fresh Pond Reservation which includes a nine-hole golf course and a three-mile trail network. The area is serviced by numerous restaurants, hotels and retail amenities.