HB Foundation Inc. Acquires Highbridge Development Site For $12.79M

Located in Highbridge, the development site at 1400 Cromwell Ave has been recently sold. The property, spanning a lot size of 106.71 ft x 169.67 ft, offers great potential for future development. The transaction took place on December 22, 2020, with a sale price of $12,790,000. With a building square footage of 108,757, the price per building square footage amounts to $117. The buyer, HB Foundation Inc., was represented by Kevin Kearns, while the seller, Largavista Companies, was represented by Marcello Porcelli.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,790,000
• Building Square Footage: 108,757
• Price per Building Square Footage: $117
• Lot Size: 106.71 ft x 169.67 ft

This deal was facilitated by Kevin Kearns, representing the buyer, HB Foundation Inc. Marcello Porcelli, on the other hand, represented the seller, Largavista Companies. With its strategic location in Highbridge and its potential for future development, the sold development site at 1400 Cromwell Ave presents an exciting opportunity for the buyer.