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City Realty Acquires Brookline 5.34 Acre Property for $41M
City Realty Group has acquired 1280-1330 Boylston Street in Brookline, MA for $41 million. This 5.34-acre site is currently home to the Chestnut Hill Office Park. City Realty plans to create a transit-oriented, mixed-use district on the property, partnering with Finegold Alexander Architects to design a plan that includes commercial, retail, medical, hospitality, and residential uses.
“It’s clear to anyone driving by that a suburban office park is not the best use for a location of this caliber,” said Fred Starikov, managing partner at City Realty. “We recognized this site represented a once-in-a-lifetime opportunity to bring new life to a deteriorating stretch of such an important area.”
The acquisition of 1280-1330 Boylston St was financed by Northern Bank and brokered by Atlantic Capital Partners. City Realty is represented by Robert L. Allen, Jr., and Jennifer Dopazo Gilbert at RLAW, P.C. in Brookline Village for its zoning and permitting needs.
- ◦Sale/Acquisition
