News: Front Section
Posted: August 31, 2016
Radford of Coldwell Banker brokers $12.75 million sale of Cohasset Harbor Resort
Atlantica restaurant, Cohasset Harbor, Mass.
Olde Salt Deck, Cohasset Harbor, Mass.Cohasset, MA Coldwell Banker Residential Brokerage (CBRB) in New England completed the sale of the Cohasset Harbor Resort for $12.75 million.
Jonathan Radford, a top-producing real estate professional affiliated with the CBRB Boston-Back Bay office, represented the sellers, Cohasset Cove LLC and Cohasset Harbor Associates LP, and procured the buyers, A&S Cohasset, LLC and CHI, LLC, in the transaction. Radford also helped arrange financing for the deal.
The Cohasset Harbor Resort consists of the Cohasset Harbor Inn and a restaurant complex. The restaurant complex, located at 44-46 Border St. and overlooking Cohasset Harbor, is home to Atlantica and the Olde Salt House and has been a South Shore landmark for more than 60 years. The Cohasset Harbor Inn, located at 124 Elm St., is a 54-room inn and conference center that underwent significant renovations in 2013 and 2014 and has provided a full range of facilities for business conferences, banquets, weddings and other social events.
Jonathan Radford, Coldwell Banker Residential Brokerage“This property, which has been a fixture on the South Shore, generated interest from individual hoteliers, large hotel groups and investors from throughout New England, as well as New York and California. However, the seller had a strong desire to sell to a local buyer that knew the community well and demonstrated a commitment to building on the successful business he had developed,” said Radford.
With more than 25 years of experience in real estate, Radford is an award-winning real estate professional who has negotiated the sale of notable estates and properties throughout the Boston area. His clients have included professionals in sports and entertainment, business leaders and European royalty.
Coldwell Banker Residential Brokerage is the largest residential real estate brokerage company in New England. With more than 4,000 affiliated sales associates and staff in approximately 80 office locations, the organization serves consumers in Massachusetts, Rhode Island, New Hampshire and Maine. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation’s largest residential real estate brokerage company.
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