Kimberly Sherman Stamler

Money Moves

Led Related Beal's purchase of the Motor Mart garage, announced October 14, 2026

Boston's Motor Mart garage, once billed as the world's largest parking structure, has a new owner at a sharply reduced price: Related Beal and Freeport Equity bought the 1,037-stall garage at 201 Stuart St. The Boston Globe, citing an anonymous source, reported the price at about $89 million, a little more than half the $162.5 million CIM Group paid in 2016.

Updated Oct 16