News: Front Section
Posted: February 2, 2024
Griffith and Pepdjonovic of Marcus & Millichap
handle $6.718m sale
Boston, MA Marcus & Millichap, has completed the sale of a mixed-use portfolio in the West Roxbury neighborhood of the city. The assets sold for $6.718 million.
“We were thrilled to be awarded this unique listing after a rigorous interview process that included several brokerage firms. Our sales process resulted in 17 offers which allowed us to drive up the price significantly,” said Tony Pepdjonovic, senior vice president investments.
Pepdjonovic and Evan Griffith of Marcus & Millichap’s Griffith Pepdjonovic Group had the exclusive listing to market the property on behalf of the seller and procured the buyer.
“West Roxbury stands out as one of Boston’s most sought-after neighborhoods, uniquely combining inner-city accessibility with the tranquility and convenience typically found in the suburbs. You can enjoy a wealth of local shops, restaurants, and green spaces along Centre St., extending from West Roxbury to Jamaica Plain, creating an ideal blend of urban and suburban living for renters,” said Griffith, senior vice president investments.
The two-property portfolio is comprised of a three-story, 24,000 s/f mixed-use building on 530-540 VFW Pkwy., with a mix of office, residential units, and an adjacent single-family dwelling located at 70 Brucewood St.
The properties are situated on the Chestnut Hill border directly across the street from the Hancock Village Plaza and are located near MBTA public transit.
Tags:
Front Section
MORE FROM Front Section
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)
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.
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.
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.
