Tribeca APL Boston LLC of London has purchased the Apple (Nasdaq: AAPL) store in Bostonâ€™s Back Bay for $27.5 million.
The 21,348-square-foot showcase shop at 815-825 Boylston St., across from the Prudential Tower, was sold by Heritage Legacy LLC and is assessed at a modest $7.1 million.
Appleâ€™s flagship store opened in 2008 and at the time it was the company's largest store. The buildingâ€™s facade is made of glass and stands out among the brick buildings on Boylston Street. The store offers customer demonstrations, more products than the average Apple store, and a Genius Bar, where Apple employees can help fix technical issues.
The Boston Redevelopment AuthorityÂ and the Back Bay Architectural Commission approved construction of the store in 2006. It replaced an existing two-story building. The storeâ€™s external design exhibits architectural elements that reference the character and scale of the surrounding buildings, and the store also includes a green roof and an enclosed mechanical penthouse. The project also provided for sidewalk improvements along Boylston Street.
Rockland Trust provided $18 million in financing for the purchase.
Source: Boston Business Journal
Mario Pavli Vice PresidentÂ Boston Luxury ResidentialÂ