News: Spotlights
Posted: December 28, 2018
What was your most notable project, deal or transaction in 2018? - by David Ellis
Ellis Realty Advisors
Our most notable transaction for 2018 was the sale of 28 Fenway in Boston which was brokered by our Colin Moynihan, senior partner capital markets. The building is a former MIT fraternity house with approximately 17,500 s/f with adjacent parking and is located in the rapidly gentrifying Fenway neighborhood of the city.
Ellis Realty Advisors was exclusive agent, representing the sellers, Malcolm Cotton Brown Corp. and Dechomai Asset Trust Number Six LLC. The sale gave us instant relevance in a highly competitive market. The buyers intend to redevelop the property.
A close second to that was 163 Libbey Industrial Pkwy. in Weymouth which I brokered. The 30,000 s/f class B office building was purchased by a South Shore-based investment group for $5.4 million.
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