Boston University is selling the building that holds up the Citgo sign
Boston University is selling nine buildings in Kenmore Square.
The building that holds up Boston’s iconic Citgo sign in Kenmore Square is up for sale.
Boston University is selling nine buildings in Kenmore Square, according to a BU Today report.
The buildings, located on Beacon Street, Commonwealth Avenue, and Deerfield Street, include 334,000 square feet of commercial space. They currently house a Barnes & Noble, Bertucci’s restaurant, Cornwall’s Pub, and several other tenants. Boston University has hired the real estate firm Newmark Grubb Knight Frank to sell the buildings.
“We want to promote development that makes Kenmore Square an even more vibrant part of the city and gateway to the BU campus,’’ Boston University President Robert A. Brown told BU Today. “That goal will be the guiding principle as we consider all the options available to us.’’
A spokesperson for Boston University told Boston.com that the Citgo sign is owned by a company that leases air rights from Boston University and the new owner of the building will decide whether to continue that lease.
The sign has been a part of the Kenmore Square neighborhood for 51 years.
Read the full report in BU Today.
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