Synergy Investment & Development acquired the leasehold interest of Old City Hall at 45 School St. in downtown Boston for $30.1 million, or about $360 per square foot, from the Architectural Heritage Foundation.

The eight-story, 83,700-square-foot mixed-use building was constructed between 1862-1865 based off a design by Gridley J. F. Bryant & Arthur Gilman. Vacated by the city of Boston in the mid-1960s, the property avoided demolition and instead…

Article From: "Key Realty Commercial Real Estate News"   Read full article