Chestnut Hill Realty Nabs Walkable Boston Enclave
- Aug 03, 2015
Brookline, Mass.—1443 Beacon LLC, an affiliate of Boston-based Chestnut Hill Realty, has acquired a 115-unit mid-rise apartment community in Brookline, Mass. CBRE/New England announced the sale of 1443 Beacon St., which was previously owned by Brookline Associates Limited, the firm that originally developed the property in 1979. 1443 Beacon Street consists of 115 residential units, two commercial medical suites and 122 garage parking spaces, a rare amenity in Brookline. A high Walk Score of 94 was certainly another factor leading to the acquisition.
“The asset is truly unique, located in the Coolidge Corner neighborhood of Brookline surrounded by retail amenities and unparalleled access to public transportation,” said Simon Butler, vice chairman & partner of CBRE/NE. “The community offers a generational investment opportunity for Chestnut Hill Realty with good upside through upgrades and the continued improvement of the rental market.”
Residents of the building enjoy convenient access to Boston’s Back Bay, Financial District and Longwood Medical District. As an enclave of Greater Boston, Brookline is a short commute away from Kendall Square, Central Square and Harvard Square. Building amenities include a community room, patio area, sundeck, pool and fitness center.