Kroger CEO Buys Boston Townhouse From Former Celtics Owner for Over Its Ask

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A real estate deal between business moguls just closed in Boston’s Back Bay: Ron Sargent, the current interim CEO of supermarket giant Kroger, has dished out $11.5 million (quite a bit more than the asking price) to buy a townhouse from Bain Capital co-chairman, Steve Pagliuca.

Located on coveted and historic Marlborough Street, the sought-after address spans 5,342 square feet across five floors, plus a rooftop deck—all of which are accessible via an elevator. The residence boasts pride of place on a corner lot. From the front, a manicured walkway leads into the home, while a driveway and garage are available in the rear. Inside, there are two kitchens, four bedrooms, three full bathrooms, and four half-baths. Sleek, contemporary design fills the interiors, which includes gas fireplaces, custom millwork, and herringbone floors.

Pagliuca—who is a former co-owner of the Boston Celtics until the team sold earlier this year for $6.1 billion—and his wife, Judy, purchased the circa-1890 property in 2015, but it was configured as two condos at the time. They restored it as a single-family home and listed it for $10.995 million two months ago. Within four days it had multiple bids and sold over asking price to Sargent, who was also once the CEO of Staples.

George Sarkis of The Sarkis Team at Douglas Elliman represented both the seller and the buyer in this impressive, end-of-year deal.