"A five-story office building just steps from South Station will be auctioned on Nov. 5. Paul E. Saperstein Co. Auctioneers & Appraisers is listing the 98,000-square-foot property at 99 Bedford St. The building, which dates back to 1899, houses five tenants and features a renovated lobby completed in 2020. Ground-level tenants include Forefront Eye Care and TALK English School, while state filings show that Korb & Associates PLLC also leases office space in the building."
"According to the Boston Assessor's Department, Credit Suisse Asset Management owns the property. UBS Asset Management acquired the Swiss bank in 2024. The building has an assessed value of $22.4 million, down from $27.8 million two years ago. Mass Land Records show that the building's mortgage, which initially had a $31 million principal, is set to be foreclosed. The owners purchased the property in November 2019 for just over $50 million."
A five-story, 98,000-square-foot office building at 99 Bedford St., steps from South Station, will be auctioned on Nov. 5. The 1899 building contains five tenants, including Forefront Eye Care, TALK English School, and Korb & Associates, and has a renovated lobby completed in 2020. Credit Suisse Asset Management is listed as owner; UBS Asset Management acquired Credit Suisse in 2024. The assessor's office shows an assessed value of $22.4 million, down from $27.8 million two years earlier. Mass Land Records indicate the mortgage, originally a $31 million principal, is set to be foreclosed. Owners bought the property in November 2019 for just over $50 million. Nearby downtown office sales have recorded substantial declines, with several properties selling well below pre-pandemic prices.
Read at Boston.com
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