Description

As exclusive sales agent, JLL Capital Markets is pleased to offer for sale 54 Canal Street ("54 Canal", or the "Property"), a six-story, 50,550 square foot office asset located in Boston, Massachusetts.

Situated at the dynamic intersection of Beacon Hill, North Station, and the North End, the Property offers exceptional connectivity with three MBTA stations within walking distance. TD Garden and countless dining, retail, and entertainment options are steps away. The location provides immediate access to both Interstate 93 and Interstate 90, combining transit-rich urban convenience with premier highway connectivity in one of Boston's most established and amenity-dense neighborhoods.

The building features 39,687 rentable square feet and floor plates averaging 6,700~ square feet with end-block positioning that delivers natural light from three exposures, creating bright, highly desirable spaces. Generous ceiling heights and efficient floor layout create compelling adaptive reuse potential.

This offering is positioned to benefit from the City of Boston's Office to Residential Conversion Program, which grants developers an expedited permitting path and a substantial 29-year, 75 percent property tax abatement on qualified conversions. The Property offers multiple value creation paths: ownership can pursue traditional office stabilization through strategic lease-up with floor plates perfectly sized to meet current tenant demand, or alternatively capitalize on the residential conversion incentives.

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