Boston, April 11, 2019– Colliers International recently announced that it represented both buyer and seller in a $5 million Dorchester transaction that will allow the Conservatory Lab Charter School to build a second campus of 45,000 square feet at 395 Columbia Road. Colliers Boston’s Vice Chair James Elcock represented owner, Packard Family Realty LLC, in the sale of the 1.27-acre site that served as Chapman Waterproofing’s headquarter operation for 40-plus years leading up to its recent relocation to Westwood. Colliers Senior Vice President Bob Cronin advised the buyer, Conservatory Lab Charter School, through an exclusive site search assignment to identify and secure campus expansion options within the City of Boston. Cronin has a long-standing relationship with the school, having represented them in their initial relocation from St. Columbkilles Parish site in Brighton to the former Labouré College of Nursing space at the Carney Hospital campus in Dorchester. According to Cronin, "the school's development consultant, Chief Executive Officer Bob Baldwin of QDP Co., was instrumental in supporting Colliers and working with Site Selection Committee members, Board Chairman Gary Gut and Trustee Bob Grinberg, in vetting the six different sites Colliers presented to them."
"The sale was a win-win for each of our Colliers clients," noted Elcock. "Schools tend to have a revitalizing effect on neighborhoods so it will be exciting to watch CLCS breathe new life into 395 Columbia Road and the surrounding community in the weeks, months and years to come."
About Colliers International Group Inc.
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
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