Boston Real Estate Times, March 14, 2019
Boston – On behalf of The Skating Club of Boston, CBRE announced that 1240 Soldiers Field Road in Brighton has been sold to The Davis Companies for $26,250,000.
CBRE’s Mark Reardon and Matt Furey represented the seller and procured the buyer.
1240 Soldiers Field Road is in the City of Boston’s Allston-Brighton Neighborhood District (the “A-B District”) and the Western Avenue/Soldiers Field Community Commercial 1 (“CC-1”) subdistrict.
This subdistrict designation is aimed at diversifying the commercial environment and therefore allows for a wide range of uses including office, retail, medical and residential, as well as hospitality. This location provides unparalleled access to dynamic labor pools, unmatched amenities, and the rare opportunity to develop one of Boston’s remaining sites in an extraordinarily active and hot market.
1240 Soldiers Field Road is directly on the Charles River and is minutes from downtown Boston, Logan Airport, Cambridge, the Mass Pike, and Interstates 95 and 93. The site is also located in proximity to Greater Boston’s most prestigious colleges and universities including Harvard University, Boston College, Boston University, MIT and Northeastern University. Additionally, the property is in walking distance to numerous restaurants, hotels, fitness centers, retail and coffee shops. Within a five-mile radius, the area has a growing employee base of over 873,000 employees and 45,840 businesses.