The Boston office of Colliers International represented two land sales which saw the twelve acres at 375 Providence Highway in Westwood sold to Prime Auto Group for $16.3 million, and approximately 3 acres at 70 Rowe St., Newton sold to Dinosaur Capital Partners, LLC for $4.5 million. Three new dealerships for Porsche, Audi and Acura will reside at the Westwood site while a Verizon Facility is planned for the Newton property. James Elcock, executive vice president at Colliers facilitated the sale of both properties.
The Verizon facility is expected to be completed in the first quarter of 2016. Prime is expected to tear down the warehouse at the property and have the dealerships up and running in the third quarter of 2016.