Allston, MA Exclusively on behalf of Stadium Auto Body and Shodis Realty Trust, in a portfolio sale transaction that closed in October 2016, TRB Realty negotiated on behalf of ownership a 50-50 joint venture transaction with Mugar Enterprises, which resulted in the successful sale and transfer of the Stadium Portfolio on Western Ave. to Western Avenue Joint Venture LLC, for a proposed redevelopment anticipated to be anchored by the construction of 539,400
s/f of office and research and development uses. These uses will be designed to accommodate research companies in the biotechnology and life sciences industry. The project is also anticipated to include 21,100 s/f of ground floor retail uses, 40 residential units, and 1,900 s/f of civic space.
Thomas Blakely, CCIM, president of TRB Realty was the exclusive listing agent and sole broker in the portfolio sale transaction.