RETAIL BUILDING SELLS FOR NEARLY $15 MILLION IN BROOKLINE, MASS.
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Brookline, Mass. (February 23, 2022) – Coldwell Banker Commercial is pleased to have represented the seller in the disposition of a retail building located at 1004-1016 Beacon St. in Brookline, Mass. The transaction was valued at around $15 million.
Todd Glaskin and Gregg Leppo, commercial real estate professionals with Coldwell Banker Commercial Realty, represented the seller, a local family trust, in the transaction.
The one-story building, situated within one of Greater Boston’s most desirable retail locations, totals approximately 16,500 square feet and is situated on a 0.58 acres lot. The building also has convenient access to public transportation, with a Massachusetts Bay Transportation Authority (MBTA) Green Line subway stop located directly in front of the building.
“It was an honor to represent this prime high visibility retail strip that had been family owned for decades. Using Coldwell Banker’s local, regional, national, and international marketing, we were able to extensively market the building openly, generating interest from as nearby as down the block to as far away as Europe, Asia, and the Middle East. We best positioned the property to reach out to investors, users, and potential developers all at the same time, resulting in a competitive process and an advantageous sale to a respected buyer with a strong local presence and market knowledge,” said Glaskin.
About Coldwell Banker Commercial Realty
Coldwell Banker Commercial Realty, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
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