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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.
- ◦Sale/Acquisition
