Boston Realty Advisors (BRA) has sold the HUB Portfolio, a 91-unit apartment portfolio located in Allston and West Roxbury for $18.5 million. Harold Brown and The Hamilton Co. purchased the portfolio.
The HUB Portfolio consists of four brick apartment buildings (10-20 Armington St., 26 Allston St., 34 Gardner St. and 1799 Centre St.) is comprised of 91 units and 80 surface parking spaces
Primarily located in Allston, the HUB Portfolio is located close to Boston College, Boston University and Packard's Corner. Downtown Boston, Back Bay and Cambridge are accessible via stops for the MBTA Green Line trains and major bus lines located just blocks away. Allston and West Roxbury are home to some of the best restaurants, bars and cultural attractions in Boston. More notable retail amenities in these two neighborhoods include Whole Foods Market, Roche Bros., Trader Joe's, CVS and Starbucks.
Christopher Sower, managing director and partner of BRA, said, "The interest in this portfolio was very strong with having over 130 groups review the offering. This interest further confirms the demand for urban multi-family opportunities."
Jason Weissman, principal and founder of BRA said, "The portfolio provides a great core, value adds opportunity with significant upside."
Founded in 2001 by Weissman, Boston Realty Advisors operates a full-service commercial brokerage platform. BRA specializes in selling investment properties throughout New England. The firm's mission is to fill a void in the commercial real estate industry with creative and aggressive marketing.