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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.

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