The Appalachian Mountain Club (AMC) announced the purchase of its future organizational headquarters located at 10 City Square in Boston’s historic Charlestown neighborhood, following the September sale of its long-time Beacon Hill headquarters for $15 million.
AMC’s earlier press release, “AMC Announces Sale of Beacon Hill Headquarters,” is available in AMC’s online newsroom at www.outdoors.org/articles/newsroom/appalachian-mountain-club-announces-sale-of-beacon-hill-headquarters.
AMC purchased the 10 City Square building, totaling 38,442 square feet, from Carey Realty LLC and City Square Holdings LLC. The sale officially closed on December 5, 2016.
AMC worked with commercial real estate broker McCall & Almy to advise its search with pro bono legal counsel from Goodwin Procter.
AMC reinvested proceeds from the sale of its current Joy Street headquarters to purchase 10 City Square for $13.1 million.
AMC plans to move by fall 2017.
10 City Square met the following major requirements for AMC’s new headquarters:
Built in 1892 and added to the National Register of Historic Places in 1982, 10 City Square is a historic Charlestown brick-and-beam commercial building originally known as Roughan Hall and later renovated for office use in 2005.
AMC completed a preliminary needs assessment of the building as part of the purchase process, and will now begin the next phase of planning for the design and layout of its future headquarters.
AMC has retained RODE Architects for the renovation.
AMC is currently evaluating how much is required for renovations at 10 City Square. Funding for renovations is available through the remaining sale proceeds from AMC’s Joy Street headquarters. AMC also expects to raise funds to offset a portion of the cost of the purchase and renovation, support needed technology upgrades, and expand its outdoor recreation, conservation, and education mission impact in serving city residents and underserved communities.
AMC will occupy approximately half of the building with staff work space on three floors. The remaining space will be leased by several existing office tenants, in addition to ground floor restaurant space occupied by Legal Sea Foods and a dry cleaning business, giving AMC flexibility for future growth and an important new income stream.