Interim Kroger CEO Ron Sargent buys $11.5M Boston townhouse | Real Estate Market Insights

Ron Sargent, the interim chief govt of Kroger and former longtime Staples CEO, has added a different form of prized asset to his portfolio — an $11.5 million Boston townhouse that sparked enough curiosity to fly off the shelf fast. 

The five-story Back Bay residence at 362 Marlborough St., long owned by former Boston Celtics co-owner Steve Pagliuca and his spouse, Judy, traded palms in early December after drawing a number of presents within days of hitting the market, according to a press release.

The news was first reported by the Wall Street Journal.

George Sarkis of the Sarkis Team at Douglas Elliman dealt with each side of the deal, which closed above the $10.99 million asking price and marked one of the neighborhood’s most standout sales this yr.

Kroger’s interim CEO Ron Sargent has bought a meticulously restored Boston brownstone for $11.5 million. Matt Surrette from Surrette Media Group

The sellers, former Boston Celtics co-owner and ex-Bain Capital co-chairman Steve Pagliuca, and his spouse Judy, listed the Nineties corner-lot residence for $10.99 million. Bloomberg by way of Getty Images

The home secured a number of bids within 4 days, finally closing above ask. Matt Surrette from Surrette Media Group

The five-story townhouse occupies roughly 5,600 sq. ft. Matt Surrette from Surrette Media Group

The Pagliucas, who bought the property in 2015 for $5.1 million when it was carved into two condominiums, spent years restoring it to a single-family structure. 

The result is a Nineteenth-century brick nook brownstone — about 5,600 sq. ft — that pairs preserved architectural particulars with up to date luxuries. 

The home contains an elevator serving all ranges, two kitchens, 4 bedrooms, three full baths and 4 half baths. There’s also customized millwork throughout, plus a collection of outside areas: a roof deck, a terrace and a balcony. 

Ronald Sargent, CEO and chairman of Kroger. The Kroger Co.

The home was initially two condos when the Pagliucas purchased it for $5.1 million in 2015. Matt Surrette from Surrette Media Group

The home options elevator entry and two kitchens. Matt Surrette from Surrette Media Group

The eating space. Matt Surrette from Surrette Media Group

One of 4 bedrooms. Matt Surrette from Surrette Media Group

A heated walkway and driveway with storage parking add to the creature comforts not often present in the historic district.

Townhouses in this stretch of Back Bay seldom come to market, and the property’s nook publicity with three sides of home windows helped draw quick demand. 

Built round 1890, the residence sits on one of the neighborhood’s most coveted blocks, the place renovated brownstones routinely anchor the higher end of Boston’s luxurious market.

The sale underscores continued demand in Back Bay, the place October’s median home price reached $1.4 million. Matt Surrette from Surrette Media Group

An ensuite toilet. Matt Surrette from Surrette Media Group

The property presents a number of outside areas. Matt Surrette from Surrette Media Group

The roof deck. Matt Surrette from Surrette Media Group

The brownstone also boasts a heated walkway and a driveway with storage parking. Matt Surrette from Surrette Media Group

The sale also lands amid renewed momentum in Back Bay, the place the median home price reached roughly $1.4 million in October, according to Redfin. 

Pagliuca, a former co-chairman of Bain Capital, was half of the Celtics’ possession group until the franchise modified palms this yr for a file $6.1 billion.

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