Ron Sargent, the interim chief executive of Kroger and former longtime Staples CEO, has added a different kind of prized asset to his portfolio — an $11.5 million Boston townhouse that sparked enough interest 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 wife, Judy, traded hands in early December after drawing multiple offers 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 handled both sides of the deal, which closed above the $10.99 million asking price and marked one of the neighborhood’s most standout sales this year.
Kroger’s interim CEO Ron Sargent has purchased 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 wife Judy, listed the 1890s corner-lot residence for $10.99 million. Bloomberg via Getty Images
The home secured multiple bids within four days, ultimately closing above ask. Matt Surrette from Surrette Media Group
The five-story townhouse occupies roughly 5,600 square feet. Matt Surrette from Surrette Media Group
The Pagliucas, who purchased the property in 2015 for $5.1 million when it was carved into two condominiums, spent years restoring it to a single-family layout.
The result is a 19th-century brick corner brownstone — about 5,600 square feet — that pairs preserved architectural details with contemporary luxuries.
The home includes an elevator serving all levels, two kitchens, four bedrooms, three full baths and four half baths. There’s also custom millwork throughout, plus a series of outdoor spaces: a roof deck, a terrace and a balcony.
Ronald Sargent, CEO and chairman of Kroger. The Kroger Co.
The home was originally two condos when the Pagliucas bought it for $5.1 million in 2015. Matt Surrette from Surrette Media Group
The home features elevator access and two kitchens. Matt Surrette from Surrette Media Group
The dining space. Matt Surrette from Surrette Media Group
One of four bedrooms. Matt Surrette from Surrette Media Group
A heated walkway and driveway with garage parking add to the creature comforts rarely found in the historic district.
Townhouses in this stretch of Back Bay seldom come to market, and the property’s corner exposure with three sides of windows helped draw immediate demand.
Built around 1890, the residence sits on one of the neighborhood’s most coveted blocks, where renovated brownstones routinely anchor the upper end of Boston’s luxury market.
The sale underscores continued demand in Back Bay, where October’s median home price reached $1.4 million. Matt Surrette from Surrette Media Group
An ensuite bathroom. Matt Surrette from Surrette Media Group
The property offers multiple outdoor spaces. 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 garage parking. Matt Surrette from Surrette Media Group
The sale also lands amid renewed momentum in Back Bay, where the median home price reached roughly $1.4 million in October, according to Redfin.
Pagliuca, a former co-chairman of Bain Capital, was part of the Celtics’ ownership group until the franchise changed hands this year for a record $6.1 billion.