National Development Trades Charlestown Parking Garage

Colliers facilitated the exclusive sale of the Nautica Parking Garage, a 297-space structured parking facility at 88 Constitution Rd. in Boston’s Charlestown neighborhood. The property was sold for $12,850,000 to a partnership of Sunrise Capital Investors and Parking Advisors. A Colliers team of Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks, and Joe Gaziano represented the seller, National Development.

Positioned at the entrance to the Charlestown Navy Yard, the Nautica Parking Garage benefits from its premier location within one of Boston’s most historically significant and highly trafficked neighborhoods.

Colliers executed a comprehensive marketing process targeting both local investors and national parking aggregators, generating significant interest and multiple rounds of competitive bidding. Parking Advisors, a national parking operator based in Chicago, ultimately secured the acquisition in partnership with Sunrise Capital Investors, recognizing the asset’s strong operating fundamentals and long-term demand drivers within the Boston market.

Inside The Story

Colliers' Petz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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