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News: Front Section
Posted: December 22, 2017
Fisher College sells 21,205 s/f 10-11 Arlington for $22.5 million - CBRE/New England represents the seller
Boston, MA On behalf of Fisher College, CBRE/New England completed the sale of 10-11 Arlington, a historic 21,205 s/f, six-story building located in the city’s Back Bay abutting the Public Garden.
The buying entity, 10-11 Arlington LLC, purchased the property for $22.5 million and plans to use it as a family office.
CBRE/New England’s Mark Reardon, Meredith Christensen, Diane Harris, Matthew Furey, Simon Butler and Biria St. John represented the seller, Fisher College, which acquired the property in 2013.
“Positioned on one of the most prominent streets in Boston, 10-11 Arlington is one of the last of its kind,” said Christensen. “The historic building, situated in one of Boston’s most iconic neighborhoods with views of the Public Garden, is a once-in-a-lifetime opportunity for the buyer.”
The property boasts views of the city’s skyline and Public Garden and features unique architectural details such as high ceilings, mansard roofs and original fireplaces. Located between Commonwealth Ave. and Marlborough St., the property is close to all major roadways, multiple MBTA subway, bus and commuter rail stations, Boston Logan International Airport and Amtrak service.
The 19th century property first served as a private residence in 1861, and the building was later converted to commercial use for the Harbridge House, a renowned management consulting firm. Since then, the building has been occupied by the World Affairs Council, the United Nations Information Center, the Tellus Institute and most recently Fisher College.
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
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