January 1, 2021
Real estate company Fairstead and privately-held alternative investment advisory firm Atalaya Capital Management have acquired Pelham Hall, a mixed-use apartment building in Brookline’s Coolidge Corner neighborhood that was built in 1926. The sales price was reported as $74 million.
In addition to its 148 apartments, Pelham Hall is also the home of FuGaKyu, a Zagat-rated neighborhood institution known for its Japanese cuisine. The property is located at 1284 Beacon Street and is nearby the MBTA’s Green “C” Subway line as well as the Coolidge Corner Theater, Fenway Park, the Brookline Booksmith and the birthplace of President John F. Kennedy.
Simon Butler of CBRE represented the undisclosed seller in the transaction. The transaction was financed through a $63 million acquisition loan and funding facility from lending partner Invesco Real Estate.
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Tags: Acquisition, Mixed-Use
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