Press Releases
Marcus & Millichap Facilitates $6.7 Million West Roxbury Sale in Boston
January 22, 2024
BOSTON, Jan. 22, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a mixed-use portfolio in the West Roxbury neighborhood of Boston, Massachusetts. The assets sold for $6,718,000.
“We were thrilled to be awarded this unique listing after a rigorous interview process that included several brokerage firms. Our sales process resulted in 17 offers which allowed us to drive up the price significantly,” said Tony Pepdjonovic, senior vice president investments.
Pepdjonovic and Evan Griffith of Marcus & Millichap’s Griffith Pepdjonovic Group had the exclusive listing to market the property on behalf of the seller and procured the buyer.
“West Roxbury stands out as one of Boston's most sought-after neighborhoods, uniquely combining inner-city accessibility with the tranquility and convenience typically found in the suburbs. You can enjoy a wealth of local shops, restaurants, and green spaces along Centre Street, extending from West Roxbury to Jamaica Plain, creating an ideal blend of urban and suburban living for renters,” added Evan Griffith, senior vice president investments.
The two-property portfolio is comprised of a three-story, 24,000-square-foot mixed-use building on 530-540 VFW Parkway, with a mix of office, residential units, and an adjacent single-family dwelling located at 70 Brucewood Street. The properties are situated on the Chestnut Hill border directly across the street from the Hancock Village Plaza and are conveniently located near MBTA public transit.
“We were thrilled to be awarded this unique listing after a rigorous interview process that included several brokerage firms. Our sales process resulted in 17 offers which allowed us to drive up the price significantly,” said Tony Pepdjonovic, senior vice president investments.
Pepdjonovic and Evan Griffith of Marcus & Millichap’s Griffith Pepdjonovic Group had the exclusive listing to market the property on behalf of the seller and procured the buyer.
“West Roxbury stands out as one of Boston's most sought-after neighborhoods, uniquely combining inner-city accessibility with the tranquility and convenience typically found in the suburbs. You can enjoy a wealth of local shops, restaurants, and green spaces along Centre Street, extending from West Roxbury to Jamaica Plain, creating an ideal blend of urban and suburban living for renters,” added Evan Griffith, senior vice president investments.
The two-property portfolio is comprised of a three-story, 24,000-square-foot mixed-use building on 530-540 VFW Parkway, with a mix of office, residential units, and an adjacent single-family dwelling located at 70 Brucewood Street. The properties are situated on the Chestnut Hill border directly across the street from the Hancock Village Plaza and are conveniently located near MBTA public transit.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
