News: Front Section
Posted: August 30, 2024
Glaskin and Leppo of Coldwell Banker Commercial
Realty broker $6.2 million sale of 1093 Beacon St.
Brookline, MA Todd Glaskin and Gregg Leppo of Coldwell Banker Commercial Realty completed the $6.2 million sale of 1093 Beacon St., a 14,000 s/f office building in one of Greater Boston’s premier locations, positioned at a stop on the MBTA Green Line and surrounded by high-end residential homes.
“This was one of the last full brownstones available to purchase as a whole building along Beacon St.,” said Glaskin, Coldwell Banker Commercial’s top agent in Mass. “This corner is just a block before Brookline meets Boston and steps to Fenway Park and the Longwood Medical Area. It was a dream site for either office or residential development and our extensive marketing brought offers from all circles.”
Glaskin and Leppo, sales associates affiliated with Coldwell Banker Commercial Realty, represented the sellers, Mark Blotner of Kinross Real Estate LLC and Lloyd Rosenthal of Greenline Realty LLC. Glaskin and Leppo also procured the buyer, Matt Ramey, a local developer from Concept Properties. The property offers potential for luxury homes with windows on all four sides and with the MBTA at their doorstep.
Blotner and Rosenthal, two of Brookline’s most noteworthy real estate investors, purchased the building in 2005 for $2.5 million. They saw value in the site as an office building with long-term residential development. Glaskin and Leppo worked with Blotner and Rosenthal to package 1093 Beacon St. for marketing to multiple audiences of investors locally, nationally and overseas.
“We promoted the benefits of buying within minutes of the Longwood Medical Area while at the same time marketing it as a development opportunity in one of the strongest condo markets in the country,” said Glaskin.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Quick Hits
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.