Boston Realty Advisors Tapped to Sell 114K-SF MXU Portfolio in Revere
Privately-held real estate brokerage and advisory firm Boston Realty Advisors has been tapped to sell a three-property mixed-use portfolio on the border of Revere and Malden.
The properties are situated at 649-655 Squire Road in Revere and One Wesley Street in Malden. The combined mixed-use site, which is being marketed as The Squire Portfolio, sits on more than seven acres and totals 114,000 square feet. The portfolio is anchored and owned by Boston Harley-Davidson, part of the largest full-service Harley-Davidson dealership in New England, and home to an onsite Riding Academy. Boston Harley-Davidson intends to continue operations from their current site, subject to an absolute triple net (NNN) lease structure with a sale leaseback.
“I look forward to working with BRA on the next chapter in Boston H-D history,” said Al Contois, Co-Owner and President of Boston Harley-Davidson. “This strategic vision and resulting sale leaseback will further strengthen our balance sheet, providing us with greater flexibility to serve our loyal customers and the Greater Boston community.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.