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Intercontinental Sells Office/Retail Building

BOSTON-The company has embarked on a campaign to peddle assets acquired and renovated under several private opportunity funds.

By Joe Clements | Updated on September 01, 2000

Continuing to trade assets acquired in previous investment funds, the Intercontinental Cos. has sold 358 Chestnut Hill Ave. in the Brighton section here. The 12,000-sf retail/office building sold to 358 Chestnut Hill LLC for $1.54 million.

Todd Glaskin and J.C. Nachtwey of Brookline’s Coldwell Banker Hunneman represented the buyer in the deal, while Gilbert Dailey of Cushman & Wakefield acted on behalf of the sellers, a Brighton-based development, management and construction company.

Nachtwey cited the proximity to Brookline and the Cleveland Circle retail strip as leading draws for the property, which is anchored by a Blockbuster Video and features 30 on-site parking spaces.

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