Credit: The Real Reporter

Mike d’Hemecourt of our Retail Capital Markets Team produces a great outcome for 171 Newbury Street.

Details, posted by The Real Reporter, indicate that “the landmark Pucker Gallery is relocating within the Back Bay following a sale of its longtime home at 171 Newbury St. to Dutch capital at an eye-popping $1,553 per sf, an all-cash $13.2 million transaction negotiated by Boston Realty Advisors. The five-story, 8,525-sf building that has housed the multi-level gallery since 1967 and is now home to international retailer Clarks Shoes on the ground floor attracted a range of investors from around the corner and around the globe, relays BRA principal Michael d’Hemecourt in acknowledging the agreement that closed on Friday.”

Further information on the gallery and its sale, are available on The Real Reporter website.