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Newmark Arranges $39M Sale of Back Bay MXU
Newmark’s Boston Capital Markets Group has facilitated the $39.1 million sale of 801 Boylston Street in Boston’s Back Bay. The five-story mixed-use building, totaling 26,000 square feet, features retail and office space and is 91% leased.
“The asset is located at the intersection of Boylston and Fairfield Streets, which places it directly across from such landmarks as the Prudential Center and the Mandarin Oriental hotel and residences, plus the newly opened House of Sport concept from DICK’S Sporting Goods.” said Penman.
Newmark represented the undisclosed seller and procured the undisclosed buyer with a team led by Robert Griffin, Edward Maher, Matthew Pullen, Paul Penman and Jonathan Martin. The sale exceeds $1,500 per square foot. Newmark’s Boston Capital Markets Group has overseen over $110 million in transaction volume across seven Back Bay properties since the start of 2024, including the recent sales of 333-335, 342 & 352 Newbury Street and 103-105 Newbury Street.
- ◦Sale/Acquisition
