Boston, May 31, 2018 – Colliers International’s Multifamily Investment Sales team is pleased to introduce 50 Broadway, a 45-unit apartment community in the seaside neighborhood of Beverly, Massachusetts. The 6-story apartment building hosts a combination of studios and one-bedroom units. The asset is located less than a 2-minute walk from the Beverly MBTA Commuter Rail station, which provides access to Boston’s North Station in under 30 minutes. Additionally, the site boasts convenient access to Routes 1 and 128.

 50 Broadway offers a great opportunity for investors to add value by increasing unit rents through capital improvements and unit renovations. Moreover, the property also features 23 parking spaces, on-site laundry and bike storage rooms along with convenient access to local amenities on Beverly’s Cabot & Rantoul Streets.

 “50 Broadway is an exceptionally located, 100% occupied investment opportunity in thriving downtown Beverly,” stated Colliers International’s Multi-Family Investment Sales Senior Vice President and team leader Christopher Sower. “Nestled between an extensive amount of retail and residential development on Rantoul Street, 50 Broadway offers investors the opportunity to acquire a value-add, transit-oriented asset that will certainly benefit from a current lack of middle market supply given the more than 420 residential units currently being developed within 0.5 miles of the project.”

 In addition to Senior Vice President Christopher Sower, the Colliers Multi-Family Investment Sales team includes Vice President Bruce Lusa, Assistant Vice President Jonathan Bryant, Associate John Flaherty, and Senior Client Services Specialist Maggie Collins.

 

About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI is an industry-leading global real estate services company with more than 15,400 skilled professionals operating in 69 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 12 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in Boston, follow @Colliers_Boston.

 

For further information, please contact:

 

Jen Weber

InkHouse for Colliers

Phone: 781.966.4130

Email: colliers@inkhouse.com

 

 

Beverly_50Broadway 

 

 

btnDownload-red-212x75

About Colliers International Group:

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI is an industry leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in Boston, follow @Colliers_Boston.

For further information, please contact:

Jen Weber
InkHouse for Colliers International, Boston
Phone: 781.966.4130
Email: colliers@inkhouse.com