Announced Oct 14, 2026 · Source: Bisnow
Motor Mart Garage is an other sale in Back Bay / Fenway, Boston. Other details we have: buyer Related Beal with Freeport Equity; seller CIM Group (price per Boston Globe, not yet in deed records); price $89M; size 1,037 stalls; 49K SF retail. Bisnow reports: “Motor Mart Garage sold to Related Beal, reportedly for well below its 2016 sale price, after a condo development proposal failed to move forward.” Bisnow reports: “Related Beal, in partnership with Freeport Equity, acquired the 1,037-space Motor Mart Garage with ground-floor retail at 201 Stuart St., it announced Wednesday.”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at Bisnow. What the article says:
Motor Mart Garage sold to Related Beal, reportedly for well below its 2016 sale price, after a condo development proposal failed to move forward.
Related Beal, in partnership with Freeport Equity, acquired the 1,037-space Motor Mart Garage with ground-floor retail at 201 Stuart St., it announced Wednesday.
The Boston Globe, citing an anonymous source, reported it sold for $89M.
Nearly 10 years after acquiring a prominent parking garage in Back Bay, and seven years after securing approval for a high-rise development plan, CIM Group has sold the property for a loss.
Article date: 2026-10-14T18:00:05-04:00
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