PRESS RELEASE: Oaktree FX Development & The Boynton Company, Inc Names Avison Young as Commercial Leasing Agent for Recently Approved Brookside Square Mixed-Use Development Project

Boston, MA — Rick Kimball, Avison Young Principal and Managing Director of the company’s New England region, announced today that Oaktree FX Development , LLC & The Boynton Company, Inc, have retained Avison Young to represent them on their exciting new mixed-use development project, Brookside Square, located at 50 Beharrell Street in the West Concord Village District.

Brookside Square occupies a five acre, riverside site which was recently approved for a development that will consist of approximately 36,000 square feet of commercial space and 74 luxury apartments above the commercial (non-retail) space. Principals Jack Kerrigan and Steve Cook along with Vice President Bill Sullivan will lead the brokerage team for Avison Young.

“We are extremely pleased to be a part of this one-of-a-kind, transit oriented, mixed-use development project in West Concord Village. Oaktree has over 37 years of successful mixed-use developments throughout New England and we look forward to finding the right tenants for Brookside Square”, says Kerrigan.

Brookside Square will connect directly to the West Concord MBTA Commuter Rail Station by a new road. The project will have significant site amenities including the existing West Concord Post Office, a new market square, additional surface parking, high quality landscaping and direct access to the adjacent proposed Bruce Freeman Rail Trail and Bike Path.

The project’s “pocket-park” will be accessible to the public by a network of walking trails on the banks of the Nashoba Brook and linked park lands. Arthur Klipfel, Gwen Noyes and Patrick Cleary, developer/architect team, regard Brookside Square as a superlative example of their development philosophy. Noyes says "The project's unique combination of proximity to village amenities, commuter line, our own courtyard, and the Nashoba Brook, and then, its simply being in such a wonderful community..... all this comprises a truly wonderful working and living environment for anyone!"

"West Concord village is a very special place. 50 Beharrell, being a large parcel right in its heart, is evidence that developers, town planning departments, and subcommittees can work together to design a class A project that's a win-win. Because I've lived and worked in Concord for a very long time, I know that our future tenants will quickly understand why I love this place", says Nick Boynton, President of the Boynton Company.

Construction is expected to begin by November 2013 with a delivery date of Fall 2014 for the commercial space.

Oaktree FX is a joint venture between Oaktree Development LLC and Patrick Cleary of FX Investments. Oaktree was originally founded as Unihab, Inc. in 1969 as a design/build company specializing in urban, multifamily and mixed-use developments with a vision of maximizing quality and value by emphasizing good design. The company's evolution follows this vision now utilizing a patent-pending housing system created by the company's founder, Arthur Klipfel. The

Boynton Company is a well-known and respected Concord real estate owner, operator and developer. The Boynton family has enjoyed a successful track record, particularly in West Concord and has been the owner of 50 Beharrell Square for many years. Nick Boynton is in partnership with Oaktree FX Development on this exciting new project.

Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,300 real estate professionals in 49 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.

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