Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BROOKLINE, MA-Federal Realty Investment Trust sold the Shoppes at Coolidge Corner to the Hamilton Co. for $8.2 million or $628 per sf. The Financial Services Group of Robert E. Griffin, Jr., Geoffrey Millerd and Ryan B. Cox at Cushman & Wakefield represented the seller and procured the buyer in the transaction.

The Shoppes at Coolidge Corner is a 13,101-sf neighborhood retail center located in an affluent in-fill urban area. The site is situated directly adjacent to the MBTA’s station and features eight retailers including Best Cellars, AT&T Wireless, Nextel, Klaff Furs and Mail Boxes Etc.

“As far as locations go, they don’t get much better than this. The site is squarely situated at the intersection of Beacon and Harvard streets, the literal ‘Main & Main’ of the Coolidge Corner area–one of the Greater Boston area’s most concentrated retail and dining districts,” says Millerd, senior director at C & W. “With the acquisition of the Shoppes at Coolidge Corner, the Hamilton Co. has acquired one of the most fundamentally sound pieces of real estate in Brookline.”

The property was purchased by Federal Realty in 1995. The sales price for the property generated an approximately $4.3 million gain, according to the Rockville, MD-based REIT.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.