Vermont Business Magazine Tim Burke, Director of Brokerage Services for White + Burke Real Estate Investment Advisors, Incin Burlington, hasannounced the sale of 28 Vernon Street, a 50,000 square foot, Class A office building in downtown Brattleboro on behalf of Marlboro College. The building was formerly occupied by the college’s graduate school prior to its conversion to a multi-tenant office building. The sale price was $3.0 million.
"We are pleased to be selling this valuable facility to someone local," said Marlboro College President Kevin Quigley. "Although the building served us well for nearly 20 years, it is time for us to focus resources on our educational mission rather than being landlords. This comes at a vital time, as the college works to build on its academic program and revitalize enrollment in response to current market pressures."
Burke represented the Seller, Corporation of Marlboro College in the sale transaction. Chris Long of The Masiello Group represented the Buyer, 28 Vernon Street LLC.
White + Burke Real Estate Investment Advisors specializes in commercial real estate development services, asset management, permitting, and brokerage.
Source:Burlington, VT (8/21/2018) - White + Burke Real Estate Investment Advisors, Inc