Taurus sells 22 Batterymarch St. for $10.5M


Boston Business Journal - Taurus Investment Holdings has sold its Boston headquarters at 22 Batterymarch St. in the city's Financial District for $10.47 million. Built in the 1890s, the 35,000-square-foot Class B office building once served as the Harvard Club. Around 30 years ago, the property was converted into a multitenant office facility. The seven-story building was acquired by Taurus in 1998 for $4.4 million. It is assessed at $5.3 million.


Taurus will remain in the building with a 6,500-square-foot lease signed with the property's new owner, Kendall RC, an affiliate of Woburn-based landlord Matthew Piccione. “The buildings’ architectural charm and central location helped to maintain its occupancy level near 100 percent during Taurus’ ownership,” said Taurus CEO Peter Merrigan, in a prepared statement. “With the resurgence of the Financial District’s Class B office market, Taurus felt this was a great opportunity to take advantage of a strong market and sell this boutique asset.”