860-872 Commonwealth Ave

  • 68,500 SF
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860-872 Commonwealth Ave

INVESTMENT BACKGROUND

Acquisition Date 1970s
Property Type Mixed-use retail & office
Size 68,500 SF
Business Plan Long-term hold

Investment rationale

  • Urban mixed-use property (plus garage parking) extremely well-located in heart of Boston University on Commonwealth Avenue in Brookline/Boston
  • Owned since 1970s and repositioned multiple times in response to changing economic climate/market conditions
  • Potential as future redevelopment site

status

  • Following 2009 bankruptcy of Ski Market, a long-time tenant, we invested significant capital to upgrade property's infrastructure, including new roof, structural improvements, enhanced power, new building signage and gut renovation of rear space
  • 100% leased to mix of retail, office and medical office tenants, including East Coast Alpine, 7-Eleven, The Renfrew Center, Fenway Printers and Audio Concepts

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