Leather District in the News!

Tuesday, December 26, 2006

Zoom Technologies sells its Leather District buildings to Essex River Ventures

Essex River Ventures LLC, a Boston real estate investment and asset management firm, has bought two connected Boston office buildings for $8 million.

The 63,154-square-foot, six-story property at 201-207 South Street was sold by Zoom Technologies Inc., which has leased back 25,200 square feet of space in the Leather District building.

The property is currently 70 percent leased to eight tenants, and Essex River said it plans to make capital improvements and cosmetic upgrades to the building to "improve tenant satisfaction and services."

Essex River's partner in the deal was Cronus Capital LP, a New York private equity firm.(By Sacha Pfeiffer, Globe staff)

Posted by Boston Globe Business Team at 11:15 AM