Bulfinch Acquires 1285 Beacon Street in Brookline

NEEDHAM, MA - May 15, 2013—The Bulfinch Companies, Inc., a private Greater Boston commercial real estate investment firm, today announced the acquisition of 1285 Beacon Street in Brookline, MA, a 25,586 s.f. two-story retail property that offers a prime location, high visibility and tremendous branding opportunities.

1285 Beacon delivers unprecedented visibility for retail tenants with its prime location in one of the busiest commercial blocks on Beacon Street in Coolidge Corner and central to densely populated neighborhoods. Combine that with its immediate access to the MBTA green line and free, dedicated parking, and 1285 Beacon Street is an exceptional asset that delivers value to its retail tenants, BodyScapes and Staples.

The well-located retail property is in an ideal Greater Boston location and is complementary with Bulfinch’s existing portfolio. Boston Realty Advisors was the broker on this acquisition and
the property was purchased from Hera Development Corp..

Eric D. Schlager, CEO of Bulfinch, said, “We have a long history with the Brookline Community, and are pleased to add 1285 Beacon Street to the Bulfinch portfolio. This building presents an opportunity for retail users to be located in one of the most highly-desirable commercial areas in Brookline.”