The O’Hearn building in Fields Corner, which houses the US Postal Service’s 02122 office and other businesses, is under agreement with an unnamed buyer, according to several sources in the Fields Corner neighborhood, including listing broker Ramsay Fretz and Main Streets Director Jackey West Devine.

TLee Development, which had introduced a plan to renovate and reuse the building in 2021, is not the buyer, the sources said.

Fretz said the building owner is a family member of the late long-time owner, Richie Jerrier, a Dorchester native who passed away last year, who has worked in Dorchester many years and chose the current bid from several competing offers.

“It is under agreement and likely will be closing in May,” said Fretz. “I am not able to share who the buyer is, but it is a local investor and redeveloper who has done a lot of other projects and churches and unique buildings…It was the right fit and we had multiple offers to sift through. This one respected the historic nature of the parking lot in the back, which is quite important. It should be interesting.”

Fretz, of Leading Edge Real Estate, said the owner chose the buyer because that person understands the Dorchester market and doesn’t want to do something too much out of the norm, or build something too “boxy.” He noted that the building was on the market for $6.2 million, but he said he could not divulge the price that is now on the table. He said his understanding is that the proposed buyer is happy with the current tenants, which is one reason for the purchase.

West Devine said she has heard from people working on the sale that the potential owners don’t have a specific plan for the building. The USPS has a lease that runs through 2025.

The property at 1444 Dorchester Ave. includes three stories on top of the Post Office, a dental clinic, and convenience stores. The property also includes a parking lot in the back that contains the late 18th century Field House – a property whose historical significance is up for debate and that was a key obstacle to the TLee Development plan, a proposal to retain ground floor retail and build out 40 units of affordable home ownership in the existing building and add a five-story annex on the parking lot.

Savin Hill Walgreens site sold
The Walgreens Company, headquartered in Illinois, has sold its Savin Hill store to an LLC connected to Miami developer Joseph Sanz, of Orion Investment and Management. The 1100 Dorchester Ave. property went for $4.85 million on March 3. Several emails to Sanz from the Reporter were not returned.

According to Orion’s website, “Sanz specializes in the acquisition and disposal of commercial real estate, working in conjunction with both European and domestic investors, as well as acting as a principal to many transactions.”

$2.4m for Norfolk St. construction yard
A construction yard along the railroad tracks at 291 Norfolk St. owned by Mark Madden recently sold for $2.4 million to an LLC associated with a Roslindale construction business under the direction of Daniel and Andrew DeRoma, with a listed address of 45 Grew Ave., Roslindale, home to Fred DeRoma & Sons construction company.

An inquiry from the Reporter was not returned from the company regarding the purchase. Fred DeRoma & Sons was the general contractor on the 2019 MassDOT pedestrian and traffic improvement project at the junction of Gallivan Boulevard and Morton Street.