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As exclusive advisor to Root Development LLC (the “Sponsor”), Cushman & Wakefield has been retained to arrange the joint venture partnership for the pursuit of entitlements and the redevelopment of 147 Central Street, the Saab Building, in Lowell, Massachusetts (the “Property”) – a transformative, 115-unit infill residential apartment development opportunity in the heart of Lowell’s historic downtown.

The Property is located on a 19,130 square foot parcel, improved by a two story, 34,920 square foot mixeduse building featuring retail on the ground floor and office space on the second floor. As currently envisioned, the proposed project would consist of approximately 104,000 gross square feet (115 multi-family residential units and 4,500 square feet of street level retail), and the building would rise six (6) stories from Central Street – a height that is consistent with surrounding buildings.

The redevelopment of 147 Central Street is fully supported by the City of Lowell and the incoming buyer or partner can leverage Opportunity Zone and city and state economic development incentives and assistance programs, including tax increment exemptions, to bring this transformative project to fruition.

Process & Pricing

Cushman & Wakefield is offering this unique purchase or joint venture investment opportunity without an asking price. Additional information is available upon receipt of a Confidentiality Agreement, and site visits can be arranged upon request. We will be conducting tours and meetings over the coming weeks with a call-for-offers to follow shortly thereafter.

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147 Central
115 Units
147 Central Street
Lowell, MA  01852
Type:  Residential
Posted: 1/4/2024

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to purchase 16-18 Wendell Street, a recently renovated 24 room and 42 bed lodging house located in the heart of Cambridge, Massachusetts. The property is situated on a quiet side street in the coveted Harvard Square neighborhood, one of the most sought-after places to live and visit in Greater Boston. The location offers residents and visitors exceptional access to public transportation, technology and bio-tech employers, parks and green spaces, and a wealth of shopping, dining and cultural attractions in and around Harvard Square, including the Harvard and Lesley University campuses.

16-18 Wendell St, totaling 12,300 GSF, is comprised of two historic residential buildings that were built in the late 19th century and completely redeveloped / expanded in 2016. Institutionally owned and maintained, the property is in excellent condition and offers the incoming owner tremendous upside and use optionality with a configuration that’s adaptable for student housing/dormitory, multifamily, hospitality or institutional use.

Process & Pricing

16-18 Wendell St is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

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16-18 Wendell Street
42 Beds
16-18 Wendell Street
Cambridge, MA  02138

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 28 Wendell Street, a two building apartment and dormitory property totaling 12,204 GSF located in Harvard Square area, the heart of Cambridge, Massachusetts. Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the property presents immense value-add potential through the potential redevelopment to multifamily residential and condominium conversions, among other options and strategies.

28 Wendell Street is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Wendell Street, the property is within a 10-minute walk of a MBTA Redline station, as well as Harvard and Lesley University.

Process & Pricing

28 Wendell Street is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

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28 Wendell Street
27 Units
28 Wendell Street
Cambridge, MA  02138
Type:  Multifamily

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire 3 Phillips Place, an irreplaceable 14,465 GSF building located in Harvard Square area, the heart of Cambridge, Massachusetts. Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, this property presents immense value-add potential through the potential redevelopment to multifamily residential and condominium conversions, among other options and strategies.

3 Phillips Place is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and universities, technology, and bio-tech employers and many of the region’s best shopping and dining amenities. The property is located steps away from the MBTA Red Line’s Harvard Square stop, providing access to Cambridge as well as downtown Boston and nearby suburbs.

Process & Pricing

3 Phillips Place is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Tour dates will be made known to registered buyers prior to the auction deadline.

Please visit www.Ten-X.com to sign the confidentiality agreement, download the due diligence materials and register for the auction. The live, online auction, commences April 15 and concludes on April 17, 2024.

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3 Phillips Place
   
3 Phillips Place
Cambridge, MA  02138
Type:  Residential

Cushman & Wakefield is pleased to present the opportunity to acquire 81-85A L Street, an existing urban infill retail property, offering tremendous value-add and long-term development potential, located in the heart of South Boston’s Eastside. The property is currently improved with a single-story building, totaling approximately 7,836 SF (including basement) and sits on a 4,592 square foot lot, bound by L, Emerson, and East 4th Street(s).

Situated in South Boston’s most dynamic and desirable neighborhood, the property is surrounded by a dynamic mix of retail, dining, entertainment, and fitness options, that line the East Broadway corridor. Additionally, 81-85A L Street is proximate to several transformative upcoming developments and offers investors an attractive “covered-land-play” with inplace cash flow. Investors are offered an immediate value add for users or the opportunity to re-lease approximately 60% of the building (currently Executive Cleaners), which will be delivered vacant, as well as tremendous potential for long-term development.

Pricing & Process

The property is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed Confidentiality Agreement, qualified investors will be provided with access to due diligence materials via the Cushman & Wakefield website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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85 L Street
   
85 L Street
Boston, MA  02127

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire the Providence Portfolio, an exceptional 10-building multifamily portfolio totaling 159 units and 153,413 SF in the Federal Hill neighborhood of Downtown Providence.

This impressive portfolio was all built within the last two years and contains condo-quality finishes across the board. The portfolio presents an investor the ability to assemble economies of scale and operating efficiencies in one of the most desirable cities in the Northeast. All of the buildings are located within a 10 minute drive of each other as well as a plethora of restaurants, shopping, transit, and other neighborhood amenities.

Process & Pricing

The Providence Portfolio is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Investors are invited to submit bids for the Providence Portfolio as a single portfolio, sub-portfolios or individual properties.

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Providence Portfolio
159 Units
1290 Westminster Street
Providence, RI  02909

Cushman & Wakefield is pleased to present the opportunity to acquire the Roseland & Frost Collection, a six building 23 unit residential portfolio ideally located in Porter Square in the heart of Cambridge, Massachusetts. The portfolio totals 42,027 GSF and 23 units. The properties vary from a single-family home to an 8-unit apartment building. Across the six properties is a total of 1.02 acres of land.

The buildings in the Roseland & Frost Collection are situated in one of the most highly desirable metro areas in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Frost Street and Roseland Street, the buildings are within a 10-minute walk of the Porter Square MBTA Red Line station, as well as the campuses of Harvard and Lesley University.

Process & Pricing

The Roseland & Frost Collection is offered on an “as-is” basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Investors are invited to submit bids for the Roseland & Frost Collection as a single portfolio, sub-portfolios or individual properties.

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Roseland & Frost Collection
Offers Due:  Thursday, February 15, 2024
23 Units
28 Roseland Street
Cambridge, MA  02140
Type:  Multifamily

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire The Alexandra, a former luxury hotel primed for redevelopment in Boston’s thriving South End neighborhood. The Alexandra is a once in a lifetime opportunity to develop a legacy project that will bring notoriety to the developer. It is a piece of Boston’s history and is highly anticipated by the neighborhood. The property is situated on a prominent, highly trafficked street corner and features Ruskinian Neogothic style with a richly patterned sandstone façade, strong window lines. The Boston Planning & Development Agency (BPDA) and South End Landmarks District Commission has approved the redevelopment of The Alexandra from a five-story building to a thirteen story, 70-unit condominium project with a gym, bike storage, rooftop terrace with adjoining amenity room and ground floor retail.

The Alexandra offers over 83,865 SF of redevelopment potential and is strategically located on the corner of two major Boston roadways Washington Street and Massachusetts Avenue. The property is within minutes to some of the city’s top dining destinations including Toro, Flour Bakery & Café, and Barcelona Wine Bar. Additionally, local neighborhood amenities are in close proximity by foot or public transportation, including Whole Foods, Starbucks, and boutique shopping & fitness destinations.

Process & Pricing

The Alexandra is offered on an "as-is" basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a "Call for Offers".

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The Alexandra
70 Units
1767 Washington Street
Boston, MA  02118
Posted: 5/9/2023

Cushman & Wakefield is pleased to present the opportunity to acquire The Millennium, a former hotel property that has been converted to 192 apartment units in Harford, CT. The 17-story building, located at 50 Morgan St, has a 380-space parking garage, 7,460 SF of ground floor retail space, and approvals to build out an additional 43 units on the second and third floor. The property boasts a robust amenity package for residents, including a brand-new fitness center, pool, leasing office, package room, game room, and movie theater.

Situated in the heart of Downtown Hartford, the property provides tenants with expansive views of the Connecticut River and easy access to all that the city has to offer. The site abuts Dunkin Park, home of the Hartford Yard Goats, and is walking distance to the XL Center, which hosts various concerts and events. Additionally, property is less than a mile away from the city’s best restaurants, including Salute, The Capital Grille, Max Downtown, and Trumbull Kitchen.

Pricing & Process

The Millennium is being offered without a formal asking price or joint venture structure. Once investors have had an opportunity to review the offering materials and tour the Property, Cushman & Wakefield will schedule a “Call for Offers.”

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The Millennium
192 Units
50 Morgan Street
Hartford, CT  06103

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Hillside Residences, a 60-unit, 100% market rate, luxury apartment building located in Quincy Center. The property boasts market leading amenities in both the common areas and within the individual units, such as a state of the art fitness center, a roof deck with spectacular views of the Boston skyline, spacious community areas, under building garage parking and well-appointed unit interiors. The property includes a mix of studio, one bedroom, two bedroom, and four bedroom units with balconies featured in select units.

Hillside Residences is strategically located half a mile from the Quincy Center MBTA station, providing residents with unbeatable access to downtown Boston via the MBTA Red Line subway and Commuter Rail. The property is convenient to the area’s major roadways including Interstate 93, Routes 128/I-95 and Route 3, which provides the location immediate access to all points of the Greater Boston area and beyond.

Hillside Residences is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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Under Contract
Hillside Residences
60 Units
23 Bridge Street
Quincy, MA  02169
Posted: 11/15/2022

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire both the Gordon-Conwell Campus, a generational development or user opportunity spanning 102 acres and 202,952 SF of existing educational campus facilities and/or The Residences at Hamilton, a 209-unit, 1980’s vintage, garden style apartment complex, spanning 6 buildings, located in Hamilton, Massachusetts.

The property has been the home of Gordon-Conwell Theological Seminary for nearly half a century. The full offering spans 102 acres in one of Massachusetts most prominent towns.

The Gordon-Conwell Campus, offers developers, investors, and institutions, countless opportunities to enter what has historically been considered an impenetrable submarket. The site presents a multitude of redevelopment options ranging from commercial, to ultra-high-end residential development, to continued and enhanced educational and institutional use, among many others.

The Residences at Hamilton features six (6), 3-story garden-style apartment buildings totaling 209 units and approximately 194,391 rentable square feet. The buildings, built between 1976 and 1988, sit on approximately 102 acres in an idyllic residential New England setting and offer residents ample parking. Institutionally owned and operated since their original development, the buildings have historically been rented as quasi dormitories by students of the institution, but maintain traditional apartment floor plans, consisting of spacious studio, one (1), two (2) and three (3) bed layouts. The offering presents the opportunity for a new ownership group to operate the buildings as traditional apartments in one of Massachusetts’ highest barriers to entry towns, where virtually no competitive apartment properties exist today.

Pricing & Process

The Gordon-Conwell Campus and The Residences at Hamilton are offered without a formal asking price. Upon Receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

Investors are invited to submit bids for the Gordon-Conwell Campus and The Residences at Hamilton as a single portfolio or as individual properties.

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130 Essex Street
   
130 Essex Street
Hamilton, MA  01982

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to redevelop 465 Congress Street, the Fidelity Trust Building, in downtown Portland, Maine. The property – fully approved for sixty-three (63) luxury apartment units - is offered for sale or joint venture development with the existing ownership. Dating back to 1910, the building is a registered Portland historic landmark and was the city’s first “skyscraper.” Overlooking Monument Square in the heart of the downtown, and across Preble Street from the Time and Temperature Building, this offering is a truly rare opportunity to reposition a landmark building and create a legacy asset.

465 Congress Street is a ten-story building comprised of ±84,180 square feet on ±0.447 acres. The ownership has received approvals for the redevelopment of the 2nd through 10th floors (former office space) into sixty-three (63) apartment units. Most of the floors are already in “white box” condition with upgraded building systems in-place. The property is poised for construction to start, and the incoming developer can leverage both the Opportunity Zone and Historic Tax Credit programs to enhance project returns.

Process & Pricing

465 Congress Street is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering memorandum and access to due diligence materials via the C&W website. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a “Call for Offers”.

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465 Congress Street
63 Units
465 Congress Street
Portland, ME  04101

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present for sale 635 Old Post Road, a fully approved 33-unit age restricted (55+) condo development opportunity located in Sharon, Massachusetts. The project is the second phase of a condominium community approved through Chapter 40B.

The property is strategically located in close proximity to Route 1 and I-95 and is only a 10-minute drive to Sharon’s MBTA commuter rail station, placing riders in Boston’s South Station in less than 40 minutes. The site also provides unmatched access to nearby retail amenities in the surrounding communities of Walpole and Foxboro. 635 Old Post offers an ideal location for new for sale housing and the project will satisfy the area’s demand for quality senior housing. Based on the success of the first phase of the project and Sharon’s strong underlying demographics, featuring above average incomes and a large population over the age of 55, the project is well positioned for absorption and long-term appreciation as a senior oriented community.

Pricing & Process

635 Old Post Road is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via the C&W website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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635 Old Post Road
33 Units
635 Old Post Road
Sharon, MA  02081
Posted: 4/26/2023

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity to acquire the Phillips Wendell Collection, an irreplaceable 10 property portfolio, totaling 85,000 +/- GSF located in Harvard Square, the heart of Cambridge, Massachusetts.

Institutionally owned and maintained, and offered unencumbered by long-term lease commitments, the portfolio presents immense value-add potential through the lease-up of vacant commercial space, the redevelopment to multifamily residential and condominium conversions, and the potential for new ground-up residential construction, among other options and strategies.

The Phillips Wendell Collection is situated in one of the most esteemed locations in the world with unmatched access to many of the nation’s top colleges and universities, technology and bio-tech employers and many of the region’s best shopping and dining amenities. Situated on Wendell Street, Philips Place, and Sacramento Street, each building is located within a 10-minute walk of a MBTA Redline station, as well as Harvard and Lesley University.

Process & Pricing

Phillips Wendell Collection is offered on an "as-is" basis and without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with access to the offering memorandum and due diligence materials. Once investors have had an opportunity to review the offering materials and tour the property, C&W will schedule a "Call for Offers".

Investors are invited to submit bids for the Phillips Wendell Collection as a single portfolio, sub-portfolios or individual properties.

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Phillips Wendell Collection
   
3 Phillips Place
Cambridge, MA  02138
Posted: 3/20/2023

As exclusive advisor to City Realty Group Cushman & Wakefield has been retained to arrange the sale or joint venture for 1 Highgate Street / 2-8 Harvard Avenue (the "Property") – a transformative, 82-unit infill residential apartment development with ground floor retail in Boston, Massachusetts. Located at the intersection of Cambridge Street and Harvard Avenue at the top of Harvard Ave’s retail restaurant corridor, the Property boasts an impeccable Walk Score of 98% in addition to outstanding highway visibility as it is situated adjacent to the Massachusetts Turnpike/Interstate 90. The Property offers tremendous multi-modal MBTA access via the nearby Boston Landing Commuter Rail Station, several stops along the subway Green Line B Branch and multiple bus lines. Additionally, the Property has convenient access to Routes 20, 3 and 9 further connecting the site to the rest of Boston’s urban inner-core.

1 Highgate is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be proved with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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1 Highgate
82 Units
1 Highgate Street
Boston, MA  02134
Posted: 6/29/2022

Cushman & Wakefield’s Multi-Family Advisory Group is pleased to offer for sale 40-46 Winter Street, a boutique apartment and retail value-add buidling located in the heart of downtown Boston. The building represents a rare opportunity to acquire a tremendously located asset comprised of 14 market rate residential units and approximately 5,581 square feet of prime retail space. The residential units range from studios to over-sized four-bedroom units and feature unique open plan layouts, tremendous ceiling heights, window lines, streetscape views and the sought-after exposed brick aesthetic. The location offers a world class retail opportunity for the incoming owner with significant upside through new leasing, remerchandising and increasing below market in-place rents.

The building is located on Winter Street in the core of Downtown Crossing, a dynamic mixed-use destination that has been the beneficiary of $4+ billion in capital investment in last 15 years. Boasting a central location with access to multiple subway stations, the neighborhood is home to an abundance of shopping, dining, entertainment, and cultural amenities complemented by luxury residential towers, boutique hotels and creative office space. The neighborhood is surrounded by the Financial District, the city’s largest and most dynamic office submarket, and is home to several higher ed institutions, including Suffolk University and Emerson College. Collectively, these foundational demand drivers underpin the success and long-term outlook for the location.

40-46 Winter Street was completely renovated and built new in 2008, including new base building systems, roof, windows, and residential units on the upper floors. Since the renovation, the building has maintained near-100% occupancy throughout market cycles. Given the strategic location and large units, the resident profile today is predominantly young professionals and some undergraduate students. The propertiy offers flexibility to the incoming owner to maintain the current operations and enjoy the stability of cash flow or upgrade/refresh the residential unit interiors and common areas to push rents to full market potential or condo conversion.

40-46 Winter Street is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering materials and access to additional due diligence information. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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40-46 Winter Street
14 Units
40-46 Winter Street
Boston, MA  02108
Posted: 6/21/2022

Cushman & Wakefield’s Multifamily Advisory Group, in collaboration with Ten-X, is pleased to present the opportunity to acquire the Cross Street Apartments, an 18-unit, garden style, project-based section-8 apartment community located at 28 Cross Street in Central Falls, Rhode Island.

Located less than 10 minutes from the heart of downtown Providence, the property benefits greatly from its strategic location, along the Rhode Island/Massachusetts border, which provides residents immediate access to employment drivers and transportation options located in both States. The property is ideally situated 0.25 miles from Interstate 95 and 0.5 miles from Route 1, making it easily accessible to residents needing to commute to Providence and the surrounding areas, as well as nearby employers in Massachusetts.

Cross Street Apartments is available on an “as-is, where-is” basis and is being offered without a formal asking price. Property due diligence materials are available to qualified buyers upon execution of a confidentiality agreement. Tour dates will be made known to registered buyers prior to the auction deadline. Please visit www.ten-x.com/listing/28-cross-st-central-fallsri-02863/29421275/ to sign the confidentiality agreement, download the due diligence materials and register for the auction.

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Under Contract
Cross Street Apartments
18 Units
28 Cross Street
Central Falls, RI  02863

Cushman & Wakefield is pleased to offer for sale 209 Harvard Street, an irreplaceable asset and transit-oriented development opportunity in the heart of Coolidge Corner, Brookline, Massachusetts. The prominent 32,223 square foot medical office building is a four story structure on top of a 2 level covered parking garage containing 63 spaces.

Medical Office Building Renovations

The Medical Office building renovations include several improvements to the Harvard Street Facade:

1) Café with outdoor seating on the ground floor

2) New more welcoming facade material replacing the precast concrete with a glass and panelized system that admits more daylight

These features are particularly appropriate given the mission to provide a fit and healthy, community-centric place to live and a Medical Building that supports wellness needs of the area. The site plan shows the new café seating on site along Harvard Street and the entry path to the entry courtyard along the south side of the property. The former, along with the new facade materials and glass addition will activate the street. The latter provides a pleasant arrival sequence for the new residents. Preliminary grading and landscape materials, as well as critical dimensions, are indicated.

Fully Approved 44-Unit Residential Building

The approved plans allow one to build a new housing component on the rear portion of the lot. The housing portion of this proposal is to build four levels of units, over two levels of parking. The expectation is that these units will constitute a good addition to the range of housing options available in town, particularly for professionals looking for an active lifestyle and valuing both the amenities and the transit options available in Coolidge Corner.

Pricing & Process

209 Harvard Street is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers".

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209 Harvard Street
   
209 Harvard Street
Brookline, MA  02446
Posted: 3/23/2022

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present for sale the Silverbrick Portfolio (Silverbrick Square & Silverbrick Lofts), a unique opportunity to acquire a five-building portfolio located in Springfield, Massachusetts. The Silverbrick Portfolio features 380 recently renovated units and 14 retail units in the heart of downtown Springfield.

The portfolio is conveniently located in downtown Springfield, the economic center of Western Massachusetts. These luxury buildings feature recently renovated units with architectural details such as exposed bricks, reclaimed wood beams, arched windows, and high ceilings. Residents benefit from a substantial employment base as some of the region’s largest corporate headquarters are located in Springfield, including MassMutual, one of the largest fortune 500 companies in the Commonwealth. The portfolio is short walk from dining, shopping, museums, & transportation and is adjacent to the MGM Springfield Casino, boasting the largest gaming floor in Massachusetts. Visitors from all over New England are also drawn to the area to experience Six Flags New England and The Big E (the Eastern States Exposition). These local attractions create a strong employment base and generate substantial tourism leading to the growth of Springfield and surrounding towns.

The Silverbrick Portfolio is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "call for offers".

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SilverBrick Portfolio (2 properties, 380 units)
Silverbrick Lofts
266 Units
15 Taylor Street
Springfield, MA  01103
Posted: 5/10/2022

Cushman & Wakefield’s Multifamily Advisory Group is pleased to present for sale the Silverbrick Portfolio (Silverbrick Square & Silverbrick Lofts), a unique opportunity to acquire a five-building portfolio located in Springfield, Massachusetts. The Silverbrick Portfolio features 380 recently renovated units and 14 retail units in the heart of downtown Springfield.

The portfolio is conveniently located in downtown Springfield, the economic center of Western Massachusetts. These luxury buildings feature recently renovated units with architectural details such as exposed bricks, reclaimed wood beams, arched windows, and high ceilings. Residents benefit from a substantial employment base as some of the region’s largest corporate headquarters are located in Springfield, including MassMutual, one of the largest fortune 500 companies in the Commonwealth. The portfolio is short walk from dining, shopping, museums, & transportation and is adjacent to the MGM Springfield Casino, boasting the largest gaming floor in Massachusetts. Visitors from all over New England are also drawn to the area to experience Six Flags New England and The Big E (the Eastern States Exposition). These local attractions create a strong employment base and generate substantial tourism leading to the growth of Springfield and surrounding towns.

The Silverbrick Portfolio is available on an "as-is" basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "call for offers".

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SilverBrick Portfolio (2 properties, 380 units)
Silverbrick Square
114 Units
122 Chestnut Street
Springfield, MA  01103
Posted: 5/10/2022

Cushman & Wakefield is pleased to present the exclusive listing of The Worcester Portfolio located in the coveted Elm Park neighborhood of Worcester, MA. The portfolio, an irreplaceable collection of nine (9) former mansions, is configured for short-term rental and dormitory use. The buildings are 100% leased to a local university through July 2029.

The portfolio consists of 262 beds across 122 bedrooms in the 9 buildings, with a mixture of shared and private bathrooms and common facilities. Substantially renovated in 2021/2022, and exceptionally located in the heart of Worcester, the Worcester Portfolio is a rare investment opportunity that offers attractive and secure cash flow and significant long-term upside. The portfolio is offered for sale with an asking price of $19,700,000, equating to 7.0% cap rate on the in-place income.

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Worcester Portfolio
   
41 Cedar Street
Worcester, MA  01609
Posted: 6/18/2023

On behalf of CMK Development Partners, LLC (the "Sponsor"), Cushman & Wakefield is pleased to exclusively present the opportunity to either (i) outright acquire 137 Main Street (the "Property" or "Project") or (ii) recapitalize the Sponsor’s basis and invest in its development through a joint venture. The property is comprised of three contiguous parcels totaling 32,148 SF (0.74 acres) The property is approved for 100-units and the sponsor has obtained a Tax Increment Exemption (TIE) Agreement with the City of Brockton that lasts 10 years. This ultimately should be a defining project of scale in one of Greater Boston’s fastestgrowing inner urban communities. The property is also located in an opportunity zone.

The proposed project includes the demolition of the existing building and the development of a new, five-story building, with amenity space and a lobby on the first floor, and 99 residential units above, with a mix of both market rate and affordable apartments. Of the total 100,000+ square feet, approximately 2,135 SF will be devoted to first floor commercial space, and the balance to residential space on the upper floors.

36 units will be studios, 48 will be one-bedroom, and 15 will be two-bedroom units. The studio apartments will be approximately 450 square feet on average, the one bedrooms will be 735 square feet, on average, and the two bedrooms will be 1,045 square feet, on average. Fifty parking spaces will be provided on site, while an additional 50 will be leased from the city’s available municipal lot across the street.

The site is walking distance to a number of new development projects in the area as well a plethora of shops, offices, and restaurants. Additionally, it is a mere 3 minute walk to the Brockton MBTA station which provides access to downtown Boston.

Process & Pricing

137 Main Street is being offered without a formal asking price or joint venture structure. Once investors have had an opportunity to review the offering materials and tour the Property, Cushman & Wakefield will schedule a "Call for Offers."

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Under Contract
137 Main Street
100 Units
137 Main Street
Brockton, MA  02301
Posted: 2/27/2023

Cushman & Wakefield's Multifamily Advisory Group is pleased to offer for sale 141-143 Addison Street, a transit-oriented investment and development opportunity located minutes from downtown Boston. As East Boston continues to transform and flourish as a hotbed of residential development activity, the property’s 21,100 ± square foot (0.48 acre) lot presents an excellent redevelopment opportunity with the potential to deliver housing in a thriving Boston neighborhood. Currently comprised of two single-story flex/industrial buildings totaling 15,400 ± square feet, the property also presents considerable upside as functional in-fill industrial space. The property's below market rents and short-term leases provide the buyer - whether housing developer, industrial user/occupier or investor - with the flexibility to execute a variety of value-add strategies that maximize the property's potential. .

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Under Contract
141-143 Addison Street
   
141-143 Addison
East Boston, MA
Type:  Land
Posted: 3/9/2021

Cushman & Wakefield and Greystone are pleased to present for sale 225 General Edwards Highway, a prime development site opportunity located in Sharon, Massachusetts. The property is comprised of 30 +/- acres of land along Route 1 in the northwesterly section of Sharon, bordering the towns of Walpole and Foxboro.

The Property provides unmatched access to nearby retail amenities in Walpole and Foxboro. To the north in Walpole, there is assorted retail including the Big Y Plaza, Applebee’s, Dunkin’ Donuts, Fairfield Inn & Suites and Walmart. Less than three miles away from the Property is Foxboro’s Patriot Place which features a wide variety of retail and dining amenities surrounding Gillette Stadium. This includes Bar Louie, CBS Sporting Club, Wormtown Brewery, Top Golf, Showcase Cinema, Christmas Tree Shops, Bed Bath & Beyond, Trader Joe’s and Vineyard Vines.

225 General Edwards Highway is available on an “as-is” basis and is being offered without a formal asking price. RFPs must be submitted by October 14, 2022.

For additional information and to submit a bid, please visit: https://mbtarealty.com/bid-docs/?_sm_nck=1

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Under Contract
225 General Edwards Highway
30 Acres
225 General Edwards Highway
Sharon, MA  02081
Posted: 8/11/2022