Boston – CBRE/New England’s Capital Markets team announced the sale of Brattle Court, a 61,858 SF, mixed-use two-building offering located in the heart of Harvard Square.
The sale consists of 1-8 Brattle Street—a 21,352 SF, three-story office/retail building—and 17-41 Brattle Street—an iconic 40,506 SF, single-story retail building. The assets, anchored by a mix of unique retailers such as Origins, Moleskin and Cardullo’s, traded hands for $108 million.
CBRE/NE’s Capital Markets experts Dave Pergola and Brian Doherty, with the assistance of retail leasing expert Matt Curtin and office leasing expert Chuck Kavoogian, represented the seller, a private family trust, and procured the buyer, Asana Partners.
The buildings are located at the entrance to the MBTA Harvard Square Red Line Station and have a dominant presence on Brattle Street, one of the most prominent streets in Harvard Square, giving the buildings exceptional visibility and added value through the strong immediate area demographics. The property provides accessibility to Harvard University, MIT and over 11 MSF of office and laboratory users. Brattle Court presents the opportunity to acquire a dynamic retail building in an unmatched, rapid-transit, supply-constrained global gateway market exhibiting ultra-low vacancy rates.