SVN Completes Sale of Mixed-Use Portfolio in Wellesley for $12M
SVN | Parsons Commercial Group | Boston has completed the sale of a 17,000-square-foot mixed-use portfolio at 25-35 and 53-61 Central Street in Wellesley, MA to Linear Retail for a combined purchase price of $12.3 million.
SVN’s Marilyn Santiago represented the seller.
25-35 Central Street is an 11,000 square foot two-story building with 6,500 square feet of ground floor retail space, 2,500 square feet of residential and office space, and 2,000 square feet of below-grade retail space. Tenants include Footstock, Laurel Grove, Marika’s Salon, Skinscapes and Winston Flowers.
53-61 Central Street is a single-story retail store block with 6,000 square feet of retail space. The fully leased building has five tenants: Cocobeet, Eileen Fisher, Lacrosse Unlimited, O’Neil Jewelers and Wellesley Toy Shop.
Linear Retail currently owns two other store blocks in Wellesley Square located at 61-71 Central Street and 74-102 Central Street.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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