Boston City Group Sells Transit Oriented Boutique Center in Reading

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Reading, MA–Boston City Group brokered the sale of 41-47 High Street and 6-16 Chute Street, a mixed-use building and parking lot located directly across from Reading MBTA Station, for $1,600,000.

Boston City Group, Inc.’s Caroline Ligotti, Emily McGranaghan and Linda Redeker represented the Seller and procured the buyer.

Located in the center of town, the property is directly across the Street from the Reading MBTA Commuter Rail Station. The property is comprised of a brick-exterior 8,539 SF Retail Strip Center with additional lower level of fully built-out office space, large parking lot, on combined parcels comprising a total of 18,000 SF. The building is home to long time tenants including Green Tomato’s Restaurant, Last Corner Restaurant in addition to a laundromat, drycleaner, and beauty salon.

In recent years, several new construction projects have surfaced within footsteps of the site. Such projects include 30 Haven; a 58 Unit apartment and retail complex, The Met at Reading Station; a 68-unit, and 55-Unit apartment community Ace Flats a 55 Unit currently under construction on Gould Street. Located within a 5-6 minute drive to I-95 and I-93, the site is also within a mile of 1.2M SF of retail space including 128 Marketplace anchored by Market Basket, and over 700K SF of office and industrial space.

Boston City Group, Inc specializes in sourcing and brokering commercial and multi-family investments, and urban development opportunities throughout Greater Boston and the New England, New York and Washington DC metro areas.