TRB Realty brokers sale and transfer of Stadium Portfolio

Stadium Portfolio on Western Avenue - Allston, MA

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.

Tags: Owners Developers & Managers

Reprint

Previous Story Next Story

Windsor approves redevelopment of 500 Day Hill Rd. for mixed-use residential community

Windsor, CT The town has granted approvals for the redevelopment of 500 Day Hill Rd., clearing the way for a mixed-use residential community that will convert a former office campus into a housing development totaling approximately 300 residential units

btone FITNESS opens at RJ Kelly’s 40 Warren St. in Charlestown, MA

If you are converting commercial space to multi-tenant units, you need to understand laws related to utility billing

Routine Properties acquires Bristol Business Park at 383 Middle St.

Mayor Smiley, Providence City Council advance $8.8 million federal housing and community investment package

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Finance

Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

Columns and Thought Leadership

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,