Newmark Closes $37M Sale of Four-Building Office Park in Wellesley

Newmark has completed the $36.6-million sale of Newton Wellesley Executive Office Park, a four-building office and medical office campus in the suburban Boston community of Wellesley, MA.

Newmark’s Robert Griffin, Frank Nelson and Michael Greeley represented the seller, The Nelson Companies, and procured the buyer, Lincoln Property Company and Stars Real Estate Investments. The firm’s Daniel Krysiak provided local leasing expertise, Nickolas Revers provided financial analysis support and Allie Percoco provided transactional support.

Newton Wellesley Executive Office Park totals 129,872 square feet. It is presently 93% leased to a diverse rent roll anchored by a combination of longstanding office tenants and recently signed medical office users taking advantage of its location near Newton-Wellesley Hospital.

“Many of the region’s premier medical providers, including several clinical affiliates of nearby Newton-Wellesley Hospital, call the park ‘home’ and we expect that trend to continue in the coming years,” said Greeley.