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| Denny Meikleham |
BOSTON, MA – Aug. 15, 2016 – Holliday Fenoglio Fowler, L.P.
(HFF) announced today that it has closed the sale of a hotel development site
within the 3rd Ave development in the northern Boston suburb of Burlington,
Massachusetts.
HFF marketed the property
on behalf of the seller, Nordblom Company.
The development site is
located on a “gateway” parcel within 3rd Ave, an urban, retail-walking street
lined with restaurants, cafes, retail boutiques and other service amenities
connected via pedestrian walkways and public green space.
This was a strategic sale for 3rd Ave as it
will bring a 147-room boutique hotel under the Archer brand that will be
positioned as the highest quality hotel in the Burlington lodging market.
The Archer brand is a new collection of
boutique hotels that evokes the creative soul of its location with quirky,
curated luxuries and a sincere staff dedicated to service.
The Archer’s location
within Burlington’s office corridor will provide steady demand from business
travelers and its proximity to Interstate 93/Route 128, about 12 miles
northwest of Boston, will draw in tourists seeking a unique boutique hotel
experience.
The HFF investment sales
team representing the seller was led by managing director Denny Meikleham and director Alan Suzuki.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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