The University of Massachusetts has hired a real estate broker to sell the former Bayside Expo site. According to the Dorchester Reporter:
“The University of Massachusetts will offer a select group of developers the chance to buy the former grounds of the Bayside Expo Center in Dorchester this year in a deal that could net the university a windfall sum. The university’s building authority has hired a commercial real estate broker — Newmark Knight Frank— to seek potential buyers or partners for the 20 acre waterfront parcel— prime Columbia Point real estate that UMass scooped up for $18 million back in 2010. The news of the broker was first reported by the Globe.”
Founded in 1929, Newmark Knight Frank (NKF) describes itself as:
“… one of the world’s leading commercial real estate advisory firms. NKF is operated by Newmark Group, Inc. (“Newmark”). Newmark is listed on the NASDAQ Global Select Market under the symbol “NMRK”. We provide a fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level. Newmark has more than 4,600 employees in over 120 offices across the U.S. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.”
Earlier this month, NKF completed the sale of 29 Crafts Street — a five-story office building — in Newton, Massachusetts, and the sale of of Stony Brook Office Park in Waltham, Massachusetts.