Business & Tech

Boston-based real estate investment firm to buy Horticultural Hall

The Horticultural Hall (left) stands opposite Symphony Hall.
Keith Bedford/Globe Staff
The Horticultural Hall stands opposite Symphony Hall.

A real estate investment firm said Tuesday that it’s buying one of the Back Bay’s historic buildings for an undisclosed sum.

Boston-based Marcus Partners will buy the Horticultural Hall at 300 Massachusetts Ave., directly across from Symphony Hall and at the cusp of the Christian Science Plaza. The First Church of Christ, Scientist, acquired the building in 1992 for $1.6 million.

Marcus said it’s planning a multimillion-dollar renovation of the 45,000-square-foot building, including an upgraded lobby and upgraded entrances.

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Marcus did not specify a use for the building, but says it’s well-suited for “a variety of users, including office, retail, and institutional use.”

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Pete Cameron, a principal with Marcus, noted that the building has a “unique and architecturally significant environment.”

The sale comes as the church is redeveloping the adjacent 15-acre plaza. The then-Boston Redevelopment Authority in 2011 signed off on plans to add three towers on the edge of the tract.

A plan to give the Horticultural Hall landmark status was under study in late 2016.

Horticultural Hall’s tenants include the Museum of Fine Arts’s William Morris Hunt Memorial Library, the New England Conservatory of Music, and Boston magazine.

Map: Horticultural Hall, Boston