Colliers International’s Investment Sales platform announced today that it has brought to market Thibeault Development’s 13-21 Congress Street, a 54,450-square-foot building with permits in place to expand by an additional 7,000 square feet. The property provides for immediate and multiple potential uses, from office to residential to retail, or a combination thereof.
Situated in an ultra-core Financial District location overlooking the State Street T station (with Orange and Blue line service), Congress Street serves as a vital connector between North and South Stations, among other key Boston neighborhoods. Most notably, the offering directly abuts Related Beal’s highly anticipated Congress Square redevelopment project, which will activate Quaker Lane – the project’s internal connector between Congress and Devonshire streets, bringing a pedestrian-friendly, European-style streetscape to the entire corridor on which 13-21 Congress Street resides.
“In light of the excitement of Congress Square as well as the highly accessible nature of the building, we anticipate incredible interest from a very diverse mix of investors,” noted Senior Vice President of Colliers’ Multifamily Investment Sales team, Christopher Sower. “The project’s already large office and hospitality presence leaves the door open for the buyer of 13-21 to fully embrace ‘mixed use’ and determine how to best round out the overall Congress Square project,” added Executive Vice President of Colliers Investment Sales team, Scott Dragos.
Colliers’ Investment Sales platform, representing the seller Thibeault Properties, includes investment sales executive vice president Doug Jacoby, vice president Tony Hayes, assistant vice president Tim Mulhall, associate Daniel Hines; and multifamily investment sales professionals assistant vice president Jen Price and associate Jonathan Bryant.
About Thibeault Development
Thibeault Development is a privately held, multi-platform real estate company. It operates throughout New England, with a strong presence in downtown Boston. Thibeault Development develops, operates, manages and owns residential, retail, industrial and mixed use properties. Residential properties include re-developed downtown Boston buildings, urban ring apartment complexes and suburban subdivisions and residential communities. Retail projects have included big box retail development and storefront Boston sites. Thibeault Development’s industrial properties are both operating heavy industrial sites, smaller light industrial rentals and commercial storage and warehouse facilities.
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI is an industry-leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 12 consecutive years, more than any other real estate services firm.