Mugar Enterprises, Inc. enters 50/50 Jjoint venture agreement with Stadium Auto Body, Inc.

Allston, MA Mugar Enterprises, Inc. has entered into a 50/50 joint venture agreement with Stadium Auto Body, Inc., to develop the auto body’s property located on Western Ave. A family-owned and operated auto repair shop, Stadium Auto Body will continue to provide automotive repair services to its clients for the foreseeable future, while the group – Western Avenue Joint Venture LLC – explores the potential development opportunities for the properties.  Both companies are excited to be involved in one of the most vibrant, growing and attractive neighborhoods in the city.

Mugar is a Boston-based, privately held family firm with expertise in real estate development and investments. They have more than 50 years of experience developing and managing commercial real estate, including hotels, regional malls, brownfield redevelopments, several shopping centers, office and industrial space, and life science labs.  Some of its most recognized projects include: Derby Street Shoppes (Hingham); Boston Opera House; House of Blues (Boston); life science properties at the Hartwell Innovative Campus (Lexington) and CambridgePark Drive (Cambridge); The Marketplace Shopping Center (St. John, US Virgin Islands); Renaissance Park, a 1,244 acre industrial park and port (St. Croix, US Virgin Islands), and three parking garages located in the Old Port section of Portland, Maine.