256 Parker Hill Avenue - Boston, MABoston, MA Colliers International, completed the sale of 256 Parker Hill Ave, in the city’s Mission Hill neighborhood for $9.712 million or $303,516 per unit. The 32-unit property consists of two garden-level apartment buildings and hosts a mix of studio and two bedroom units with 16 surface parking spaces.
Colliers brokered the sale on behalf of client Qianlong Management, LLC to local owner, Tremont Asset Management. The Colliers team was led by Christopher Sower and included Jen Price, Jonathan Bryant, and Maggie Collins. Stephen Horan, also of Colliers, coordinated the financing on behalf of the buyer through JP Morgan Chase.
The property is located in a transit-oriented neighborhood, half a mile from both the MBTA’s Orange Line and Green Line stops.
“It was a pleasure working on behalf of Qianlong Management, LLC and with Tremont Asset Management,” said Sower. “The strength of the Mission Hill market provided an opportunity for a successful sale. We look forward to working with both groups again in the future.”
Located near by is the Longwood Medical Area, a 215-acre medical area, home to Boston Children’s Hospital, Brigham and Women’s Hospital and Harvard Medical School. Additionally, the Mission Hill neighborhood is in close proximity to many of Boston’s top colleges including MassArt, Wentworth Institute of Technology, and Northeastern University.
Colliers International Group Inc. is a global leader in commercial real estate services with more than 16,146 professionals operating from 554 offices in 66 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership.