Fort Point building sold

Archon Group LP has sold 268 Summer St., a former industrial building in the Fort Point Channel neighborhood, to Aegean Capital LLC for $16.3 million.

The sale of the building was brokered by Richards Barry Joyce & Partners, a commercial real estate advisory firm based in Boston.

The transaction brought Archon, which is redeveloping a dozen or so buildings in the area with Goldman Properties of New York, about $240 per square foot for the property. Archon has had three of its buildings on the market, but this was not one of them. It has also sold three others from the 17 properties it bought from the Boston Wharf Co.

The sale is the first acquisition in the Boston market for Aegean Capital LLC.

“Investor interest in 268 Summer St. and the Seaport in general has been extraordinary,” said Richard Herlihy, executive vice president, Richards Barry Joyce & Partners.

RBJ represented the seller and will also remain the leasing agent for the building.

Archon Group is a full-service commercial real estate investment and management company and a wholly owned subsidiary of The Goldman Sachs Group Inc. Goldman Properties is unrelated to Goldman Sachs.
(By Thomas C. Palmer Jr., Globe staff)