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City Realty Group Snaps Up Newton Office/Retail Property
Newmark facilitated the sale of 313 Washington St., an 81,058-square-foot office and retail building in Newton, MA. Deal terms weren’t disclosed.
Co-head of U.S. Capital Markets Robert Griffin, Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble, senior managing director Samantha Hallowell and associate director William Sleeper, in conjunction with Private Capital associate directors Joseph Alvarado and Casey Valente, represented seller Grander Capital Partners, LLC and procured the buyer, City Realty Group.
At the time of sale, the asset was 66% leased to 20 office and retail tenants, including popular eateries Buff’s Pub and The Corner Café.
“313 Washington Street is a highly desirable Newton address with an exceptional ability to capture small-tenant office demand,” said Alvarado. “The property also benefits from on-site parking and an activated retail component anchored by two of Newton Corner’s longest-standing restaurants.”
Senior managing director Daniel Krysiak provided local leasing expertise and financial analyst Grady Zink provided financial analysis support.
- ◦Sale/Acquisition
