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Needham Offices Trade with Mix of In-Place Tenancy and Upside Potential
Newmark arranged the sale of 160 Gould St., an office building located in the Boston suburb of Needham, MA. The team of Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, William Sleeper, Joseph Alvarado and Casey Valente represented the seller, James Campbell Company, and procured the buyer, Riverside Properties. The sale price was not disclosed.
Originally built in 1987, the property spans 135,272 square feet across three stories. It’s situated directly off Interstate 95, five miles south of Interstate 90 and one mile from an MBTA commuter rail station.
“160 Gould St. is a historically strong performer, serving as one of the most attractive options for small-block tenants in the area south of the Interstate 90/95 junction,” said Hallowell. “It offers an attractive mix of stable in-place tenancy and upside potential, which can be realized through repositioning its lobby and amenities to appeal to modern tenant demand.”
Newmark senior managing director Matthew Malatesta provided local leasing expertise, and financial analyst Grady Zink provided analytical support
- ◦Sale/Acquisition
