Retail Condominium for Sale in Boston’s Dynamic Kenmore Square

Wednesday, October 10, 2018

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Kenmore Row, a two-story commercial condominium located at 500 Commonwealth Avenue that contains 36,077 square feet of destination retail space located in Boston’s dynamic Kenmore Square.

Kenmore Row is recognized as one of the premier restaurant locations in Boston and is anchored by Eastern Standard and Island Creek Oyster Bar, which, together, achieve more than $21 million in sales. Other tenants in the dynamic line-up include Starbucks and TsuruTonTan, an authentic Udon Noodle Brasserie originally created in Osaka, Japan, in 1979 with U.S. locations in New York City and Honolulu.

Kenmore Square is a diverse and rapidly growing neighborhood of Boston. Historically known as the home to Fenway Park and Boston University, Kenmore Square has grown and diversified rapidly over the last 10 years driven by expansion of the nearby Longwood Medical Area and ongoing residential and commercial development. Nearly 1,100 luxury housing units have been delivered to the area, with another 3,000 planned or in progress.  In addition to the residential development, there are plans for 1,000 new hotel rooms and more than two million square feet of office and lab development. These new developments will bring an influx of new demand to Kenmore Row’s already thriving restaurant and retail tenancy.

Retail Property for Sale Investment Highlights

  • 88 percent occupancy
  • Constructed in 2003
  • 36,077 rentable square feet
  • 7.7 WALT
  • Key Tenants include Island Creek Oyster Bar, Eastern Standard, TsuruTonTan, Hawthorne Lounge, ((305)) fitness, Starbucks and Hunt’s Photo & Video

For more information on Kenmore Row or other available retail properties in and around Boston, please contact Christopher Phaneuf in HFF’s Boston office. Click here for our real estate investment sales search page.

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