Harvard University Sells 7-Acre Brighton Mills Retail Plaza For $39 Million

The retail asset involved in the transaction is a 7-acre site located at 304-370 Western Avenue in Brighton, MA. Harvard University sold the property for $39 million. The site features notable anchors such as Star Market, Petco, and McDonald’s, suggesting strong redevelopment potential along the walkable corridor of Western Avenue.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $39,000,000
• Seller: Alan M. Garber - Harvard University
• Asset Size: 7 acres
• Address: 304-370 Western Avenue
• Market: Brighton, MA

The transaction emphasizes the strategic decision-making of Harvard University in expanding its asset portfolio by selling a prime retail location. Alan M. Garber was involved in representing Harvard University during this sale.