Boston Flower Exchange Courts Buyers In Hot Market

The owners of the Boston Flower Exchange have voted overwhelmingly to sell the company’s prime South End property, probably heralding the end of the century-old wholesaling collective and clearing the way for yet another high-end development in the neighborhood.

With at least five offers for their 5.6-acre site on Albany Street, the owners of more than 76 percent of the company’s shares voted to sell, easily surpassing the required two-thirds majority.

“Since more than two-thirds of the outstanding shares of stock of the exchange were voted in favor of the board pursuing negotiations with a prospective purchaser to sell the exchange, the board intends to pursue negotiations with interested parties,” the company’s board of directors told shareholders in a May 1 letter that was obtained by the Globe.

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