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News:
Owners Developers & Managers
Posted: February 2, 2024
Griffith and Pepdjonovic of Marcus & Millichap
handle $6.718m sale
Boston, MA Marcus & Millichap, has completed the sale of a mixed-use portfolio in the West Roxbury neighborhood of the city. The assets sold for $6.718 million.
“We were thrilled to be awarded this unique listing after a rigorous interview process that included several brokerage firms. Our sales process resulted in 17 offers which allowed us to drive up the price significantly,” said Tony Pepdjonovic, senior vice president investments.
Pepdjonovic and Evan Griffith of Marcus & Millichap’s Griffith Pepdjonovic Group had the exclusive listing to market the property on behalf of the seller and procured the buyer.
“West Roxbury stands out as one of Boston’s most sought-after neighborhoods, uniquely combining inner-city accessibility with the tranquility and convenience typically found in the suburbs. You can enjoy a wealth of local shops, restaurants, and green spaces along Centre St., extending from West Roxbury to Jamaica Plain, creating an ideal blend of urban and suburban living for renters,” said Griffith, senior vice president investments.
The two-property portfolio is comprised of a three-story, 24,000 s/f mixed-use building on 530-540 VFW Pkwy., with a mix of office, residential units, and an adjacent single-family dwelling located at 70 Brucewood St.
The properties are situated on the Chestnut Hill border directly across the street from the Hancock Village Plaza and are located near MBTA public transit.
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