Boston, August 25, 2017 – Colliers International’s Investment Sales team announced today that it has brought to market 1515 Commonwealth Avenue in Brighton, a 2.12-acre redevelopment opportunity with immediate access to downtown Boston via the MBTA Green Line – B branch. Formerly operating as a 59-bed, long-term acute care hospital, the 58,000-square-foot, four-story building plus basement has been renovated over time and includes dining facilities, common area amenities as well as a large parking lot. It provides additional FAR for redevelopment opportunities and will be delivered vacant at the time of sale.

Proximity to New Balance's nearby new development, Boston Landing, as well as walking distance to well-established amenities of Coolidge Corner, Brighton Center and Allston, makes the site an incredibly appealing location to meet demand now being driven by Brighton's multifamily boom.

"Density precedents set by nearby development projects for New Balance, Saint Elizabeth’s, and Harvard University will inevitably benefit the buyer of 1515 Commonwealth Ave,” noted senior vice president Christopher Sower. "There should be a high level of confidence from the investor side that a site in this location will be poised to benefit from continued market growth," added executive vice president Scott Dragos.

The Colliers’ Investment Sales team includes Scott Dragos, Doug Jacoby, Chris Sower, and Jeff Black.

20170825 colliers brings 2 acre brighton redevelopment opportunity to market 

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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.

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For further information, please contact:

Christine Comey Lewis
InkHouse for Colliers International, Boston
Phone: 781.966.4157
Email: colliers@inkhouse.com