Brighton, MA Colliers International’s investment sales team has sold 1515 Commonwealth Ave. on behalf of Curahealth/Nautic Partners. The property sold for $15.75 million to Boston-based developer, The Davis Companies. The sale was led by investment sales leaders, Christopher Sower and Scott Dragos along with and Doug Jacoby.
Formerly operating as a long-term acute care hospital, 1515 Commonwealth Ave. is a 2.12-acre redevelopment site. Currently improved with a 58,000 s/f, four-story building, 1515 Commonwealth Ave. provides ample opportunity for growth, based on density precedents set by nearby development projects. The property has access to downtown Boston via the MBTA Green Line and is near the new development, Boston Landing.
Walking distance to well-established amenities of Coolidge Corner, Brighton Center and Allston, makes the site an appealing location to meet demand now being driven by the city’s multifamily boom.
“Based on the growth of the Allston-Brighton market, 1515 Commonwealth Ave. received great interest across the market. We were pleased to work with The Davis Companies again on an opportunity of this caliber,” said Sower.
“As a team, we are happy to have worked with Curahealth/Nautic Partners on the successful sale of this asset and look forward to working with both Davis and Curahealth/Nautic in the future,” said Dragos.
Colliers International Group Inc. is an industry-leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 12 consecutive years, more than any other real estate services firm.
