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UMNV 240A Newbury LLC Buys Newbury Street Bar, Boston Property For $14.6M

May 9, 2014 | Reprints | Unlock Link | Print

UMNV 240A Newbury LLC, a joint venture between UrbanMeritage and Novaya Real Estate Ventures, has bought two Boston buildings for $14.6 million.

The properties include the popular Newbury Street bar Daisy Buchanan’s, which will close this fall, a representative for UrbanMeritage told the Boston Herald last week. The other property is located at 41 Fairfield St.

Group Boston Real Estate (GBRE) President Michael Carucci brokered the sale. The seller was JC Realty Trust.

"This sale allowed the Cimino family (the seller) to capitalize on their long-term investment and delivered a rarely available building to the buyer, UrbanMeritage," Carucci said in a statement.

Commercial