1515 Commonwealth Avenue Update 05/02/18

The Davis Companies Mortgages 58,000 square-foot Brighton Property

The Davis Companies has mortgaged their property at 1515 Commonwealth Ave for $9.6 million via Rockland Trust.

The property, which was acquired by The Davis Companies in January of 2018 for $15.75 million features a vacant four-story, 58,420-square-foot building situated on 2.12 acres along the MBTA Green Line B branch. The property is located in a rapidly developing area of Brighton next to The Lancaster, a 2015-built luxury condominium development where a penthouse recently sold for $1.055 million, Brighton’s first condominium sale over $1 million.

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