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Success Story: Downtown Reading Transformation

Case Study: Transforming a Downtown Reading Landmark

The Challenge

Two hardworking brothers operated a Sunoco station in downtown Reading, Massachusetts, for years. When they decided to retire, they needed to find a buyer who could maximize the value of their property while navigating the town’s newly expanded mixed-use zoning regulations.

The Solution

The brothers partnered with MANSARD, who conducted a comprehensive search to identify the best buyer. After evaluating multiple gas station operators and real estate developers, the brothers chose to sell to a developer who could capitalize on the new zoning opportunities. MANSARD also facilitated the decommissioning process, securing outstanding LSP and legal support for the sellers.

The Results

The developer successfully secured permits to transform the site into a vibrant mixed-use property featuring 31 residential units and 2,500 SF of retail space. By 2021, the property had become a valuable asset to the downtown Reading community and was subsequently sold for $14,750,000.This success story highlights MANSARD’s ability to unlock value for clients while contributing to the growth and development of local communities.
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