BOSTON– Colliers International’s Capital Markets team recently brought to market a redevelopment opportunity mere steps from the Park Street MBTA station (Green Line and Red Line).
Located at 125 Tremont Street at the convergence of Park and Tremont, the existing three-story building offers approximately 15,000 rentable square feet atop 0.18 acres overlooking the Boston Common. It is fully leased through 2022, providing in-place income but with a comfortable timeline for an investor to explore and fully develop arepositioning/redevelopment strategy, should it so choose.
Current zoning for the Midtown Cultural District allows for an 8 FAR by right and as high as a 10 FAR with Large Project Review. Learn more at 125tremont.colliers.com.
“From transit and amenities to visibility and views, 125 Tremont is an incredibly unique opportunity in the epicenter of development,” said Colliers Executive Vice President Christopher Sower. “With a location that essentially connects Back Bay, Downtown Crossing and the Financial District all steps from nearly every subway line in Boston, we anticipate strong interest from the full gamut of investor types.”
In addition to Sower, the Capital Markets team is joined by Multifamily Advisory Group specialists Senior Vice President Bruce Lusa, Assistant Vice Presidents Jonathan Bryant and John Flaherty; Investment Sales specialists Managing Director Frank Petz and Senior Vice President Caleb Hudak; and Urban Leasing specialist Vice President Adam Schneier.