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Guess who’s buying the building with the Citgo sign?

The iconic Citgo sign in Kenmore Square. Jim Davis / The Boston Globe

Bostonians finally know who holds the key to the iconic Citgo sign’s fate.

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The development firm Related Beal told The Boston Globe on Friday it has a deal in place with Boston University to buy the Kenmore Square building that holds up the sign.

“We are thrilled to be selected to re-imagine these key parcels,” Kimberly Sherman Stamler, president of Related Beal, said in a statement to the Globe. “This significant location serves as a vital connection between Fenway, the Back Bay and Brookline.”

The building is part of a nine-building portfolio Boston University put up for sale in January. The university leases space on the roof of one building to Citgo Petroleum Corp.

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The Boston Landmarks Commission is studying whether the sign can become a historic landmark, which means changes to it would require further review. The study will be complete later this year.

Read the full story in the Globe.

 

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