November 4, 2015 The Landmark – 150 Federal St Boston, MA
Recent Loan: $96.2M by Metropolitan Life Insurance Company
Origination Date: 4/13/2015
Total Building Area: 640,577 Sq. Ft.
Assessed Value: $126,575,000
CrediFi Score: 1000
Did you Know? Originally the Sears Roebuck and Company Mail Order Store, The Landmark is listed on the National Register of Historic Places. After serving as a distribution center for below catalog-price merchandise for 60 years, Sears vacated the property which fell into a state of disrepair.
Facing potential demolition multiple times, the property was purchased by the Abbey Group. The Group converted the warehouse into leasable office space while retaining the industrial warehouse character of the property, winning multiple preservation and reconstruction awards.