BOSTON, March 31, 2014 (GLOBE NEWSWIRE) -- Group Boston Real Estate (GBRE), Boston's premiere luxury real estate agency, announced today that its president, Michael Carucci, brokered the sale of 316 Newbury Street in Boston, Massachusetts for $7,700,000.

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Located in Boston's prestigious Back Bay neighborhood, 316 Newbury Street is a pristine, 7,160 square foot, 7-tenant property. Mr. Carucci represented the seller, Kourtidis LLC.

"When my family and I decided to sell our long-term Newbury Street property, we interviewed several brokers. We quickly realized Michael's knowledge and pulse of the Newbury Street market is a cut above the others'," said Mr. Kourtidis. "This was proved true when we received multiple bids well over asking price in a very short period of time. The entire process was flawless, and we greatly appreciate Michael's help."

"We strategically positioned 316 Newbury in such a manner that we quickly garnered the attention of a handful of serious, qualified investors," said Mr. Carucci. "It was a pleasure to assist them in the process of selling their prized Newbury Street asset, and we look forward to working with Kourtidis LLC in the future."

About Group Boston Real Estate:     

Group Boston Real Estate is a boutique real estate brokerage in Boston's prestigious Back Bay neighborhood, specializing in the sale of luxury homes and condominiums, as well as commercial and investment properties in the Greater Boston area. With a background comprising of over 100 years of collective real estate experience in every property category and an excess of $5 billion in successfully completed real estate transactions, Group Boston Real Estate continues to raise the bar in the industry and local community. More information on Group Boston Real Estate is available at

Patty McIntyre
Group Boston Real Estate