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1100,000 SF OFFICE
40,000 SF RETAIL
55 UNITS MULTI-FAMILY
AMENITY-RICH MIXED-USE CAMPUS IN FOXBOROUGH, MASSACHUSETTS
55 UNITSMULTI-FAMILY
40,000 SF RETAIL
100,000 SF OFFICE
EXECUTIVE SUMMARYColliers International has been exclusively retained to sell Chestnut Green (the “Portfolio”), a three-building campus portfolio in Foxborough, MA. Located 30 miles South of Boston, set amongst beautifully restored Queen Anne Victorian architecture, Chestnut Green is a mixed-use community featuring 100,000 SF of Class A office space, 40,000 SF of open air retail shops, and 55 Class A apartment units adjacent to 40 acres of town-owned playing fields and walking trails
The Portfolio, developed in 2008, contains two full-service restaurants, a bank with drive through ATM, dry cleaner, pizza shop, nail salon and yoga studio. The campus is also a short walk to Stop and Shop, and Walgreens.
Chestnut Green is situated just one mile from Gillette Stadium, home of the New England Patriots and New England Revolution. The attraction of two major sports teams has led to large scale development around the stadium as patrons now enjoy high-end dining and retail options including Davio’s Northern Italian Steak House, Skip Jack’s, Bar Louie, Bed Bath & Beyond, Showcase Cinema’s, Trader Joe’s, and Bass Pro Shops.
Additionally the Campus is two miles from the Route 1 and Interstate 95 interchange making Chestnut Green one of the most accessible complexes from Greater Boston and Providence, RI.
Chestnut Green is being offered for sale as a Portfolio, or as individual assets, with no formal asking price and free and clear of debt.
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Live, Work, Play OpportunityThe offering at Chestnut Green is composed of three adjacent buildings that include over 40,000 square of retail, 100,000 square feet of Class A office space, and 55 Class A residential apartment units creating a true live, work, play environment. The campus is one mile from Patriot Place, and the major transit routes of Route 1 and Interstate 95. Chestnut Green is one of the premier mixed-use complexes in the Suburban Boston region and provides residents, patrons, and workers a vibrant and highly convenient community.
Flexible Offering PackageChestnut Green consists of three individual assets that can be acquired individually or as a Portfolio package. This flexible offering allows potential investors the opportunity to acquire a large scale mixed-use development with tremendous economies of scale or bid on the individual assets that best fit their investment criteria.
Durable In Place Income Stream With Upside PotentialThe three assets offer an in-place net operating income of over $2,600,000 providing stable income for potential investors. Potential investors in Chestnut Green can add significant cash flow by leasing the vacant office space, and continue to lease the below-market apartment rents to the current market rents already established in the building. Through improved management and aggressive leasing the stabilized net operating income for Chestnut Green is expected to approach $4,500,000, offering investors a tremendous opportunity to create value.
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1,361Businesses
within 3 Miles
1.3 Million SF of Shopping, Dining & Entertainment at
Patriot Place
16,000 Daytime Employees
within 3 Miles
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$99,908average household income
within 3-mile radius
2 Milesto Route 1 and Interstate 95
45 Minutes to
Boston & 30 Minutes to Providence
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PLEASE CONTACT:INVESTMENT SALESDoug Jacoby617 330 [email protected]
Scott Dragos 617 330 [email protected]
Tony Hayes617 330 [email protected]
Tim Mulhall617 330 [email protected]
Daniel Hines617 330 [email protected]
MULTI-FAMILY INVESTMENT SALES Christopher Sower617 330 [email protected]
Jen Price617 330 [email protected]
Jonathan Bryant617 330 [email protected]
Maggie Collins617 330 [email protected]
160 Federal StreetBoston, MA 02110www.colliers.com/boston
FINANCING Kevin Phelan617 330 [email protected]
Adam Coppola617 330 [email protected]
RETAIL Peter Montesanto617 330 [email protected]
