Boston, May 9, 2017 – Colliers International's Capital Markets Group announced today that they will bring to market a capital/joint venture or ground lease investment opportunity for a 1.81 acre site in Boston's transitioning Dorchester neighborhood, where strong transportation infrastructure and surrounding community amenities has given rise to heightened demand. The site's location at 780 Morrissey Boulevard provides incredible visibility along the Expressway (I-93) and a location just five miles south of downtown Boston.
Current project ownership, Bay Colony Associates LLC, is seeking a partner who can capitalize on potential development rights in excess of 150,000 square feet. "We are seeing developments achieve rents of over $4.00 per square foot in this submarket," noted team leader senior vice president Christopher Sower. "That level of rent growth, in combination with the amount of activity already underway in this neighborhood, will likely pique a lot of people's interest."
Working with the Multifamily Investment Sales Team are Investment Sales executive vice president Scott Dragos, Capital Markets executive vice president Jeff Black, and Urban Brokerage senior vice president Dan 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 15,000 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 further information, please contact:Christine Comey Lewis
InkHouse for Colliers International, Boston