News: Front Section
Posted: April 29, 2016
Pergola and Doherty of CBRE/New England represent Broder in $33 million sale of 15 Broad Street
Dave Pergola, CBRE New England
Brian Doherty, CBRE New England
15 Broad Street - Boston, MABoston, MA CBRE/New England’s Capital Markets team completed the sale of 15 Broad St., a distinctive 10-story, 73,500 s/f “jewel box” building located in downtown, for $33 million. CBRE/NE’s Dave Pergola and Brian Doherty represented the seller, Broder, and procured the buyer, Brookfield Property Partners in conjunction with AustralianSuper, Pty.
15 Broad St. is situated within one of the hottest investment markets in the United States. The city’s thriving economy—driven by the healthcare, technology and education sectors—is adding jobs and households at a historic pace.
“The Boston office investment market continues to perform strongly when compared to other top U.S. cities,” said CBRE/NE’s Doherty.
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 (in terms of 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
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