Aker Buys Brookline Pelham Hall Apartments for $70M 

Aker has acquired Pelham Hall Apartments, a 148-unit luxury complex in Coolidge Corner, Brookline, MA., for $70 million. The name of the seller was not disclosed.  

The CBRE Capital Markets team of Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler led the transaction team in marketing the property and exclusively represented the seller in the negotiations. John Kelly of CBRE financed the transaction on behalf of Aker. 

“Pelham Hall is a marquee-era landmark that was originally built in 1926. Aker is just the third owner of this property in its near 100-year history,” said St. John. “At nine stories high, this concrete and steel building became the tallest building in the neighborhood, featuring red brick Georgian Revival-style architecture, classical limestone details, and design cues found along Beacon Street. In addition to the 148 apartment homes there is 14,601 square feet of ground floor and mezzanine retail.”