ABG Commercial’s Gibbons brokers $4.06 million development site sale

Somerville, MA Bernard Gibbons of ABG Commercial brokered the sale of 337-341 Somerville Ave. in the Union Sq. Arts Overlay District for $4.06 million. The buyers were Somerville Community Corp. in partnership with Boyes-Watson Architects, Scalzi Ventures and Sally Obrien’s Pub. This urban renewal development involves the creative adaptive reuse of a 20,000 s/f warehouse for an open-air European style market place that will be called Bow Market. It will be partnered with a 7,000 s/f anchor high-end restaurant space with upper floor office space and an expansion to the existing Sally Obrien’s Pub, a longtime neighborhood establishment. This project has received recognition is Boston Magazine and other publications for its creativity with its aim towards modest commercial spaces for small maker and arts enterprises.

Gibbons has been a familiar face in the Eastern MA business community for over twenty years. His familiarity with the inner workings of a wide variety of commercial businesses has given him great insight into the real estate needs for companies looking to expand, relocate or construct new buildings from the ground up.

Somerville Community Corporation is a 47-year-old nonprofit community development corporation (CDC) creating and preserving diversity and housing affordability in Somerville, Mass. The organization works to strengthen the city by providing leadership for sustaining Somerville as a vibrant, diverse and tolerant community. SCC engages, organizes and empowers residents to directly impact policies and decisions about the city’s future. They develop and preserve affordable housing, while helping residents become more financially secure and able to secure living-wage jobs.

ABG Commercial Realty is a commercial real estate brokerage firm located in Cambridge, MA, specializing in the leasing and sale of office, retail and investment properties throughout Greater Boston and Eastern Massachusetts.  ABG distinguishes itself from others with its boutique-style structure, which allows for more personal and creative client focus.