News: Front Section
Posted: May 3, 2019
Elcock and Cronin of Colliers International arrange
$5 million sale to Conservatory Lab Charter School
Dorchester, MA Colliers International represented both buyer and seller in a $5 million transaction that will allow the Conservatory Lab Charter School (CLCS) to build a second campus of 45,000 s/f at 395 Columbia Rd.
Colliers Boston’s vice chair James Elcock represented owner, Packard Family Realty LLC, in the sale of the 1.27-acre site that served as Chapman Waterproofing’s headquarter operation for 40-plus years leading up to its recent relocation to Westwood. Colliers senior vice president Bob Cronin advised the buyer, CLCS, through an exclusive site search assignment to identify and secure campus expansion options within the city. Cronin has a long-standing relationship with the school, having represented them in their initial relocation from St. Columbkille’s Parish site in Brighton to the former Labouré College of Nursing space at the Carney Hospital campus.
According to Cronin, “The school’s development consultant, chief executive officer Bob Baldwin of QDP Co., was instrumental in supporting Colliers and working with site selection committee members, board chairman Gary Gut and trustee Bob Grinberg, in vetting the six different sites Colliers presented to them.”
“The sale was a win-win for each of our Colliers clients,” said Elcock. “Schools tend to have a revitalizing effect on neighborhoods so it will be exciting to watch CLCS breathe new life into 395 Columbia Rd. and the surrounding community in the weeks, months and years to come.”
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